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Descendible Future Interests In Georiga: The Effect Of The Preference For Early Vesting, Verner F. Chaffin Apr 1973

Descendible Future Interests In Georiga: The Effect Of The Preference For Early Vesting, Verner F. Chaffin

Scholarly Works

In past issues of the Review Professor Chaffin has illuminated many areas of Trust and Estates Law. In this Article he treats the inscrutable area of descendible future interests. Future interests which do not terminate at death obviously result in nonpossessory property passing through the estates of their holders. This Article first shows the unhappy consequences of such passage of property. It then points out not only that most draftsmen and testators are unaware of the undesirable consequences of creating descendible future interests, but also that many such interests exist as a result of Georgia's constructional preference for early vesting …


The Real Estate Investment Trust: State Tax, Tort, And Contract Liabilities Of The Trust, Trustee, And Shareholder, Michigan Law Review Mar 1973

The Real Estate Investment Trust: State Tax, Tort, And Contract Liabilities Of The Trust, Trustee, And Shareholder, Michigan Law Review

Michigan Law Review

This Comment will attempt to alert potential investors in and trustees of REITs to the full extent of the liabilities that they could suffer for contract debts incurred in the name of the trust and torts committed by trust personnel. Since state tax considerations also play a significant role in investment decisions, the manner in which each state taxes the REIT and its shareholders on income derived from property and business in that state will also be investigated. Finally, a rational path out of the morass created by current state law will be articulated in order to prompt renewed discussion …


The Indiana Trust Code -- Application To Pre-Existing Trusts, T. Bryan Underwood Jan 1973

The Indiana Trust Code -- Application To Pre-Existing Trusts, T. Bryan Underwood

Articles by Maurer Faculty

No abstract provided.