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Wills, Trusts, And Estates, Twenty-Sixth Annual Survey Of Developments In Virginia Law, J. Rodney Johnson
Wills, Trusts, And Estates, Twenty-Sixth Annual Survey Of Developments In Virginia Law, J. Rodney Johnson
Law Faculty Publications
The Virginia General Assembly continued its increased legislative activity in the area of wills, trusts, and estates during the past year by passing three major acts: Exempt Property and Allowances; Acts Barring Property Rights; and the Virginia Small Estate Act. In addition to these major bills, seven additional acts enacted by the General Assembly and four cases decided by the Supreme Court of Virginia involved issues important to both the general practitioner and the specialist in wills and trusts. This article reviews these legislative and judicial developments, with emphasis on the three most important legislative enactments.
Fiduciary's Investment Duty - The Peril Of The Prudent Man Rule, J. Rodney Johnson
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.