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Fiduciary's Investment Duty - The Peril Of The Prudent Man Rule, J. Rodney Johnson

Law Faculty Publications

The purpose of this article is ( 1) to report on the recent decision in Hoffman v. First Virginia Bank, 1 (2) to identify the several problems this decision has created for the public and for the bar, (3) to propose a statutory solution to these problems, and (4) to suggest an interim approach to these problems that drafters of wills and trusts might take while awaiting the passage of an appropriate statute.