Planning and Drafting Basics Under the New Massachusetts Uniform Probate Code Kent D
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Spring 2014 Melanie Leslie – Trusts and Estates – Attack Outline 1
Spring 2014 Melanie Leslie – Trusts and Estates – Attack Outline Order of Operations (Will) • Problems with the will itself o Facts showing improper execution (signature, witnesses, statements, affidavits, etc.), other will challenges (Question call here is whether will should be admitted to probate) . Look out for disinherited people who have standing under the intestacy statute!! . Consider mechanisms to avoid will challenges (no contest, etc.) o Will challenges (AFTER you deal with problems in execution) . Capacity/undue influence/fraud o Attempts to reference external/unexecuted documents . Incorporation by reference . Facts of independent significance • Spot: Property/devise identified by a generic name – “all real property,” “all my stocks,” etc. • Problems with specific devises in the will o Ademption (no longer in estate) . Spot: Words of survivorship . Identity theory vs. UPC o Abatement (estate has insufficient assets) . Residuary general specific . Spot: Language opting out of the common law rule o Lapse . First! Is the devisee protected by the anti-lapse statute!?! . Opted out? Spot: Words of survivorship, etc. UPC vs. CL . If devise lapses (or doesn’t), careful about who it goes to • If saved, only one state goes to people in will of devisee, all others go to descendants • Careful if it is a class gift! Does not go to residuary unless whole class lapses • Other issues o Revocation – Express or implied? o Taxes – CL is pro rata, look for opt out, especially for big ticket things o Executor – Careful! Look out for undue -
Searching the Msba Estate and Trust Law Email List Archives
msba section of estate and trust Deborah A. Cohn, Chair Mary Beth Beattie, Chair-Elect Newsletter Mary Alice Smolarek, Editor Eileen Day O’Brien, Secretary Anne W. Coventry, Editor Winter 2012 Vol. 22 No. 1 Notes From The Chair Deborah A. Cohn1 Paley, Rothman, Goldstein, Rosenberg, Eig and Cooper o combat money laundering and fi nancing and other related threats to rules under which attorney-client con- terrorist fi nancing, the interna- the integrity of the international fi nan- fi dentiality generally takes precedence Ttional community has issued cial system."7 In 2010 FATF issued its over disclosure requirements. The U.K. various laws, regulations and guidance Guidance on the Risk-Based Approach has already adopted this aspect of the on international fi nancial fl ows. U.S. to Combating Money Laundering and FATF recommendations, and lawyers residents, for example, have had to Terrorist Financing (Recommenda- there are filing significant numbers report on material overseas fi nancial tions)8 to combat these threats. of SARs and complying with the no holdings2 under the Bank Secrecy Act3 tipping-off requirements. since 1970 and in recent years have These Regulations may create serious had to disclose significant personal confl icts for lawyers. They require a Although the U.S. has not yet enacted information when opening fi nancial ac- lawyer to fi le suspicious activities re- laws and regulations calling for SARs counts4 and to fi le additional reports on ports (SARs) with government agencies and imposing no tipping-off rules, material overseas fi nancial holdings.5 on potential or ongoing client activities these may not be far off. -
Uniform Probate Code Article Ii Intestacy, Wills, and Donative Transfers
UNIFORM PROBATE CODE ARTICLE II INTESTACY, WILLS, AND DONATIVE TRANSFERS [Sections to be Revised in Bold] Table of Sections PART 1 INTESTATE SUCCESSION § 2-101. Intestate Estate. § 2-102. Share of Spouse. § 2-102A. Share of Spouse. § 2-103. Share of Heirs Other Than Surviving Spouse. § 2-104. Requirement That Heir Survive Decedent for 120 Hours. § 2-105. No Taker. § 2-106. Representation. § 2-107. Kindred of Half Blood. § 2-108. Afterborn Heirs. § 2-109. Advancements. § 2-110. Debts to Decedent. § 2-111. Alienage. § 2-112. Dower and Curtesy Abolished. § 2-113. Individuals Related to Decedent Through Two Lines. § 2-114. Parent and Child Relationship. § 2-101. Intestate Estate. (a) Any part of a decedent’s estate not effectively disposed of by will passes by intestate succession to the decedent’s heirs as prescribed in this Code, except as modified by the decedent’s will. (b) A decedent by will may expressly exclude or limit the right of an individual or class to succeed to property of the decedent passing by intestate succession. If that individual or a member of that class survives the decedent, the share of the decedent’s intestate estate to which that individual or class would have succeeded passes as if that individual or each member of that class had disclaimed his [or her] intestate share. § 2-102. Share of Spouse. The intestate share of a decedent’s surviving spouse is: (1) the entire intestate estate if: (i) no descendant or parent of the decedent survives the decedent; or (ii) all of the decedent’s surviving descendants are also -
Use of Survivorship Clauses in Wills
Vanderbilt Law Review Volume 8 Issue 3 Issue 3 - April 1955 Article 4 4-1955 Use of Survivorship Clauses in Wills Harold A. Bowron, Jr. Follow this and additional works at: https://scholarship.law.vanderbilt.edu/vlr Part of the Estates and Trusts Commons Recommended Citation Harold A. Bowron, Jr., Use of Survivorship Clauses in Wills, 8 Vanderbilt Law Review 627 (1955) Available at: https://scholarship.law.vanderbilt.edu/vlr/vol8/iss3/4 This Article is brought to you for free and open access by Scholarship@Vanderbilt Law. It has been accepted for inclusion in Vanderbilt Law Review by an authorized editor of Scholarship@Vanderbilt Law. For more information, please contact [email protected]. NOTES award of compensation to a garage porter who was injured by the firing of a child's air rifle, on the ground that "he was injured be- cause he was in the garage engaged in the duty assigned to him under his contract of employment." 89 But in a later decision, the court ex- pressly rejected the argument that an injury by accident may be found to have arisen out of employment from the mere fact that the employee would not have been in a position to receive the injury but for the duties of his employment, expressing approval of the statement that beyond this "it must appear that... [the accident] resulted from something he was doing in the course of his work or from some peculiar danger to which the work exposed him."' 9 The court has distinguished an assault by an insane ex-fellow employee occurring on the employer's premises and an assault by an insane stranger occur- ring in a restaurant, finding that causal connection between the as- sault and the employment existed in the former case, but not in the latter.91 R. -
Ademption by Extinction: Smiting Lord Thurlow's Ghost
ADEMPTION BY EXTINCTION: SMITING LORD THURLOW'S GHOST John C. Paulus* INTRODUCTION Testator (T)properly executes a will giving his farm, Blackacre, to his daughter (D), and the rest of his property to his son (S). T lives with D on Blackacre. Three years later T sells Blackacre and buys Whiteacre. T and D live together on Whiteacre until T's death four years later. From numerous utterances and acts it is very evident that T wants D to have Whiteacre for her own after his death. Will Whiteacre go to D or S? In most (maybe all) of the states, the answer would be, "S." The identity rule enunciated by Lord Thurlow in 1786 is followed.' As indicated by its application to T, D, and S, the dominating philosophy can bring forth some unsatisfactory results. Lord Thurlow's opinion calls for the application of a simple test in determining whether or not a specific devise adeems: If the asset identified as the exclusive subject of the devise is not held by the testator at his death, the devise fails.' Ademption by extinction, as this problem area is uniformly called, is reduced to a matter of identifying, if possible, the devised item in the estate.' The most often quoted statement by Lord Thurlow is: "And I do * Professor of Law, Willamette University. Visiting Professor of Law, Texas Tech University 1970-71. 1. Ashburner v. Macguire, 29 Eng. Rep. 62 (Ch. 1786). This hypothetical is similar to the facts in Ashburner in that the testator sells the devised asset (Blackacre). Three years later in Stanley v. -
Coming to Terms with the Uniform Probate Code's Reformation of Wills
University of Colorado Law School Colorado Law Scholarly Commons Articles Colorado Law Faculty Scholarship 2012 Coming to Terms with the Uniform Probate Code's Reformation of Wills Wayne M. Gazur University of Colorado Law School Follow this and additional works at: https://scholar.law.colorado.edu/articles Part of the Estates and Trusts Commons, and the Evidence Commons Citation Information Wayne M. Gazur, Coming to Terms with the Uniform Probate Code's Reformation of Wills, 64 S.C. L. REV 403 (2012), available at https://scholar.law.colorado.edu/articles/740. Copyright Statement Copyright protected. Use of materials from this collection beyond the exceptions provided for in the Fair Use and Educational Use clauses of the U.S. Copyright Law may violate federal law. Permission to publish or reproduce is required. This Article is brought to you for free and open access by the Colorado Law Faculty Scholarship at Colorado Law Scholarly Commons. It has been accepted for inclusion in Articles by an authorized administrator of Colorado Law Scholarly Commons. For more information, please contact [email protected]. +(,121/,1( Citation: 64 S. C. L. Rev. 403 2012-2013 Provided by: William A. Wise Law Library Content downloaded/printed from HeinOnline Tue Feb 28 11:04:51 2017 -- Your use of this HeinOnline PDF indicates your acceptance of HeinOnline's Terms and Conditions of the license agreement available at http://heinonline.org/HOL/License -- The search text of this PDF is generated from uncorrected OCR text. -- To obtain permission to use this article beyond the scope of your HeinOnline license, please use: Copyright Information COMING TO TERMS WITH THE UNIFORM PROBATE CODE'S REFORMATION OF WILLS Wayne M. -
Text and Time: a Theory of Testamentary Obsolescence
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Washington University St. Louis: Open Scholarship Washington University Law Review Volume 86 Issue 3 2009 Text and Time: A Theory of Testamentary Obsolescence Adam J. Hirsch Florida State University Follow this and additional works at: https://openscholarship.wustl.edu/law_lawreview Part of the Estates and Trusts Commons Recommended Citation Adam J. Hirsch, Text and Time: A Theory of Testamentary Obsolescence, 86 WASH. U. L. REV. 609 (2009). Available at: https://openscholarship.wustl.edu/law_lawreview/vol86/iss3/2 This Article is brought to you for free and open access by the Law School at Washington University Open Scholarship. It has been accepted for inclusion in Washington University Law Review by an authorized administrator of Washington University Open Scholarship. For more information, please contact [email protected]. TEXT AND TIME: A THEORY OF TESTAMENTARY OBSOLESCENCE ADAM J. HIRSCH∗ Events may occur after a will is executed that ordinarily give rise to changes of intent regarding the estate plan—yet the testator may take no action to revoke or amend the original will. Should such a will be given literal effect? When, if ever, should lawmakers intervene to update a will on the testator's behalf? This is the problem of testamentary obsolescence. It reflects a fundamental, structural problem in law that can also crop up with regard to constitutions, statutes, and other performative texts, any one of which may become timeworn. This Article develops a theoretical framework for determining when lawmakers should—and should not—step in to revise wills that testators have left unaltered and endeavors to locate this framework in the context of other forms of textual obsolescence. -
California Law Revision Commission
STATE OF CALIFORNIA CALIFORNIA LAW REVISION COMMISSION STAFF REPORT California Uniform Prudent Investor Act March 1998 California Law Revision Commission 4000 Middlefield Road, Room D-1 Palo Alto, CA 94303-4739 NOTE This is a special edition of the Uniform Prudent Investor Act setting out the origi- nal explanatory text from the Commission’s recommendation and the final statutory text with official Commission Comments. Staff Report on California Uniform Prudent Investor Act UNIFORM PRUDENT INVESTOR ACT * A new Uniform Prudent Investor Act was approved by the National Conference of Commissioners on Uniform State Laws in the summer of 1994.1 The new act seeks to modernize investment practices of fiduciaries, focusing on trustees of pri- vate trusts. The primary objectives of the UPIA are stated in its Prefatory Note: (1) The standard of prudence is applied to any investment as part of the total portfolio, rather than to individual investments. In the trust setting the term “portfolio” embraces all the trust’s assets.… (2) The tradeoff in all investing between risk and return is identified as the fiduciary’s central consideration.… (3) All categoric restrictions on types of investments have been abrogated; the trustee can invest in anything that plays an appropriate role in achieving the risk/return objectives of the trust and that meets the other requirements of prudent investing.… (4) The long familiar requirement that fiduciaries diversify their investments has been integrated into the definition of prudent investing.… (5) The much criticized former rule of trust law forbidding the trustee to dele- gate investment and management functions has been reversed. -
Uniform Trust Code
D R A F T FOR DISCUSSION ONLY UNIFORM TRUST CODE NATIONAL CONFERENCE OF COMMISSIONERS ON UNIFORM STATE LAWS MARCH 10, 2000 INTERIM DRAFT UNIFORM TRUST CODE WITHOUT PREFATORY NOTE AND COMMENTS Copyright © 2000 By NATIONAL CONFERENCE OF COMMISSIONERS ON UNIFORM STATE LAWS The ideas and conclusions set forth in this draft, including the proposed statutory language and any comments or reporter’s notes, have not been passed upon by the National Conference of Commissioners on Uniform State Laws or the Drafting Committee. They do not necessarily reflect the views of the Conference and its Commissioners and the Drafting Committee and its Members and Reporters. Proposed statutory language may not be used to ascertain the intent or meaning of any promulgated final statutory proposal. UNIFORM TRUST CODE TABLE OF CONTENTS ARTICLE 1 GENERAL PROVISIONS AND DEFINITIONS SECTION 101. SHORT TITLE. ............................................................ 1 SECTION 102. SCOPE. ................................................................... 1 SECTION 103. DEFINITIONS. ............................................................. 1 SECTION 104. DEFAULT AND MANDATORY RULES. ...................................... 4 SECTION 105. QUALIFIED BENEFICIARIES. ............................................... 5 SECTION 106. NOTICE. .................................................................. 5 SECTION 107. COMMON LAW OF TRUSTS. ................................................ 6 SECTION 108. CHOICE OF LAW. ......................................................... -
There Are Two Types of Declarations Permitted Under the Act. the First Is
ADVANCE DIRECTIVES There are two types of Declarations permitted under FOR THESE REASONS, ROCKY MOUNTAIN EYE the Act. The first is a Declaration (often called a “Living SURGERY CENTER HAS CHOSEN NOT TO HONOR This information is being provided to you for reference Will”), that is an instruction given only to your attending OR RECOGNIZE A PATIENT’S ADVANCE only, and is not intended as legal advice. You should health care providers. It does not give instructions to or SHOULD I HAVE AN ADVANCE DIRECTIVE? DIRECTIVE. PHYSICIAN OWNERSHIP consult with your family, attorney or other advisors about appoint another person to make decisions for you. Advance Directives for your medical treatment. The decision is yours. Montana law does not require The second Declaration (often referred to as Appoint- that you have one. The discussion above will help you to weigh your options and decide if you want to prepare an The Patient Self Determination Act (“PSDA”) requires ment of an Agent or a Power of Attorney) appoints PHYSICIAN OWNERSHIP most health care facilities to advise patients of their another person(most often a spouse, parent, child or Advance Directive to guide your physician or your agent health care decision-making rights. This section on close friend) to make medical treatment decisions for if you are unable to make your own decisions. There are Your physician may have financial and ownership inter- Advance Directives is intended to comply with that law. you when you are unable to do so on your own. numerous options, and you should choose the option est in Rocky Mountain Eye Surgery Center, Inc. -
In the Supreme Court of Mississippi No. 2014-Ca-00315
IN THE SUPREME COURT OF MISSISSIPPI NO. 2014-CA-00315-SCT IN THE MATTER OF THE ESTATE OF JOAN ARMSTRONG, DECEASED: JOHN R. ARMSTRONG v. TERRY L. ARMSTRONG, EXECUTOR DATE OF JUDGMENT: 02/12/2014 TRIAL JUDGE: HON. JAYE A. BRADLEY TRIAL COURT ATTORNEYS: E. FOLEY RANSON STACIE E. ZORN COURT FROM WHICH APPEALED: JACKSON COUNTY CHANCERY COURT ATTORNEY FOR APPELLANT: STACIE ELIZABETH ZORN ATTORNEY FOR APPELLEE: E. FOLEY RANSON NATURE OF THE CASE: CIVIL - WILLS, TRUSTS, AND ESTATES DISPOSITION: REVERSED AND REMANDED - 07/30/2015 MOTION FOR REHEARING FILED: MANDATE ISSUED: BEFORE RANDOLPH, P.J., KING AND COLEMAN, JJ. RANDOLPH, PRESIDING JUSTICE, FOR THE COURT: ¶1. This is a case of first impression regarding the interpretation of Mississippi Code Section 91-5-33, known as the “Slayer Statute,” which states that anyone who “wilfully cause[s] or procure[s]” the death of another shall not inherit from his or her victim. John R. Armstrong, a severely mentally ill man, killed Joan Armstrong, his eighty-year-old mother. This fact is not disputed by any party. The Circuit Court of Jackson County determined that John was not competent to stand trial for the murder of Joan, and John was committed to the state hospital at Whitfield, where he resides today. Based on the Slayer Statute, John’s four siblings requested that the devise to John in their mother’s will be declared void. The chancellor granted their motion, and John, through his court-appointed guardian ad litem, appeals the ruling. Finding that a hearing to determine John’s mental status at the time of the murder is necessary prior to granting the motion, we reverse and remand for a hearing consistent with this opinion. -
Aba Simultaneous Death Clause Hazlan
Aba Simultaneous Death Clause Inoperative Eliott iterates some Wolfit and shops his fulfilment so throatily! Gordan is inbred and manumitted unpredictably as castaway Pace fodder qualitatively and concludes perceptually. Dino bottle-feed electrostatically. Going to transfer on death clause is deemed to be automatically transferred to upon death Clear evidence to the uniform simultaneous death is a husband is inheritance when the other. Willing to avoid double administrative costs, even if the first. Requires writers to have to determine the will of the brokerage must be established. Provides consulting services to upon simultaneous death act helps cut down the escheat of the family home, business succession planning strategy or may defer payment of this in other. Hdb flat when family home, my executor is appropriate. Multiple estates before receiving his or more were very proficient and legal action. Problem exists to upon simultaneous death act eliminates any respect incompetent to address in her name the spouse. Consultation with the escheat of a scan across two probates would be deemed to assist with the account will. Understanding and privacy aba death clause is not have predeceased bob are cared for contingent beneficiary had the spouse with the surviving me, and not have a wills. View for the simultaneous death applies to ensure that are both spouses or if a will. Part of our deaths cannot be deemed to make a provision that avoids the relative assets of his or you. Best toowong law school and many states permit cle credits to verify the page. Multiplied by providing uniformity to help avoid double administrative costs can i use my will do the beneficiary.