Book Description

Widely regarded as the leading authority on the law of trusts, Scott on Trusts offers practical advice on the creation, administration, and termination of all kinds of trusts, as well as incisive analysis of the underlying principles of trust law. The duties of trustees and the rights of beneficiaries, would-be beneficiaries, and third parties are constantly being changed and redefined. This preeminent resource keeps you abreast of the latest developments in trust law enabling you to resolve trust problems efficiently and effectively with regular updates integrating the latest court decisions and legislative changes. Scott on Trusts allows you to examine the full range of your options at every stage, from client counseling to final distribution. You'll find all the guidance you need to handle such trust elements and issues as: What can make a trust illegal -- Powers and liabilities of the trustee -- Remedies of the beneficiary -- Charitable, constructive, and resulting trusts -- Thirdperson liabilities -- Power of creditors to reach trust property -- ERISA -- Conflict of laws -- Moral and political factors influencing a trustee's investments -- Corporate fiduciaries -- Creditors and bankruptcy -- Eligibility of beneficiary for Medicaid.