Tuesday, April 10, 2007
John H. Langbein (Sterling Professor of Law and Legal History, Yale Law School) and Lawrence W. Waggoner (Lewis M. Simes Professor of Law, University of Michigan Law School) have recently published the 2007-2008 edition of their book, Uniform Trust and Estate Statutes.
Here is the publisher's description of this book:
The 2007-2008 Edition contains the full texts of three important new Uniform Acts bearing on the field, all of which were promulgated in 2006: the Revised Uniform Anatomical Gift Act, the Uniform Power of Attorney Act, and the Uniform Prudent Management of Institutional Funds Act.
As in past editions, the 2007-2008 Edition contains the full statutory texts of the principal Uniform Acts pertaining to trusts and estates. The book reproduces the official comments for the substantive articles of the Uniform Probate Code (Articles II and VI); for the Uniform Trust Code; and for most of the other Uniform Acts.
The book groups the trust and estates statutes in three parts:
Part One, Probate Statutes, primarily contains the Uniform Probate Code (UPC). The Official 1990 text as published incorporates all subsequent amendments to date. The UPC incorporates several freestanding Acts, including the Uniform Disclaimer of Property Interests Act (1999) and the Uniform Estate Tax Apportionment Act (2003).
Part Two, devoted to Trust Statutes, begins with the Uniform Trust Code (2000) and incorporates all subsequent amendments to date. Part Two also contains the Uniform Principal and Income Act (1997), the Uniform Prudent Investor Act (1994), and the Uniform Custodial Trust Act (1987).
Part Three, containing other Uniform Acts, includes the Uniform Parentage Act (2000, with 2002 amendments); the Uniform Health-Care Decisions Act (1993); the Uniform Simultaneous Death Act (1993); the Uniform Fraudulent Transfer Act (1984); the Uniform Transfers to Minors Act (1983, with 1986 amendments); the Model Marital Property Act (1983); and the Uniform Premarital Agreement Act (1983).
The book also provides carefully selected extracts of important provisions from former versions of various Uniform Acts, especially the pre-1990 version of UPC Article II; and selected provisions from the new Restatements--the Restatement (Third) of Trusts and the Restatement (Third) of Property: Wills and Other Donative Transfers.