Wills, Trusts, and Estates
Forum
Pregnancy and Living Wills: A Behavioral Economic Analysis
In most states, women are not permitted to have binding living wills during parts of their pregnancies. This Essay argues that the laws imposing these restrictions are ill-conceived and likely unconstitutional and, using behavioral economics, suggests a better alternative that respects women’s prefe…
Forum
Anatomical Intent
Organ transplantation holds the potential to save a sick person’s life, but for a large population of hopeful transplant patients, the short supply of transplantable organs causes a delay or denial of life-saving treatment. In the United States, recent survey data revealed that almost two-…
Forum
Context Matters: Rules for Reducing Taxable Value
Parents often create a family limited partnership (FLP) or similar entity to provide a vehicle for cohesive management of assets, secure some measure of creditor protection, or create a common pool for investment in marketable securities. FLPs generally encumber their members’ interests with restr…
Article
Questioning the Trust Law Duty of Loyalty: Sole Interest or Best Interest?
114 Yale L.J. 929 (2005)
The duty of loyalty requires a trustee to administer the trust solely in the interest of the beneficiaries. Any transaction in which the trustee has an actual or potential interest violates the sole interest rule, no matter how beneficial the transaction to the beneficiaries.…