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Loring and Rounds A Trustee's Handbook, 2012 Edition

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ISBN-10: 1454813296

ISBN-13: 9781454813293

Edition: 2011

Authors: Charles E. Rounds, Charles E. Rounds

List price: $299.00
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Description:

In the 112 years since its first publication, Augustus Peabody Loring ’scompact A Trustee's Handbook has come to be regarded as the mostconvenient, reliable, and complete source for trust research. This classicreference distills the essence of trust law, illuminating thefundamental principles and answering the basic questions:What are the duties of the trustee?What are the rights of the beneficiary?What are the rights of the settlor?What are the rights of third parties involvedLoring and Rounds: A Trustee’s Handbook carries on thetradition of concise, practical and up-to-date guidance for trustees, givingyou the latest in-depth information on how to stay on top of the developmentsin this…    
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Book details

List price: $299.00
Copyright year: 2011
Publisher: Wolters Kluwer Law & Business
Publication date: 12/15/2011
Binding: Paperback
Size: 7.00" wide x 10.00" long x 2.25" tall
Weight: 4.906
Language: English

Introduction
The Property Requirement
The Property Requirement
Funding Issues
Wrongful Defunding
The Trustee's Office
Who Can Be a Trustee?
Who Is Fit to Be a Trustee?
Involuntary Trustees: Constructive Trusts, Purchase Money Resulting Trusts, Trustee Succession, Deceased Trustees, Partnership Assets, Government Regulation of Property Ownership and Other Such Matters
Avoiding, Assuming, and Vacating the Office
Trustee's Relationship to the Trust Estate
External Inbound Liabilities of Third Parties to the Trustee and the Beneficiaries
Interests Remaining with the Settlor
Interests and Powers Remaining with the Settlor by Operation of Law
Expressly Reserved Beneficial Interests and Powers
The Beneficiary
Who Can Be a Beneficiary?
Class Designation: "Children," "Issue," "Heirs," and "Relatives" (Some Rules of Construction)
The Beneficiary's Property Interest
Rights of the Beneficiary
Involuntary or Voluntary Loss of the Beneficiary's Rights
Duties and Liabilities of the Beneficiary
The Necessary Parties to a Suit Brought by a Beneficiary
The Trustee's Duties
General Duties
Specific Duties Incident to General Duties
Governmental Reporting Obligations
The Trustee's Liabilities
Trustee's Liabilities Generally (Breaches of Trust; Beneficiary's Standing to Seek Judicial Relief; Defenses)
Trustee's Internal Liability as Fiduciary to the Beneficiary
Trustee's External Liability as Legal Owner to Nonbeneficiaries
Trustee's Discharge in Bankruptcy
Miscellaneous Topics of General Interest to the Trustee
Powers of Appointment
Termination of the Trust and Final Distribution
The Transfer of Trust Property
The Trustee's Compensation
Conflict of Laws
Qualifying the Non-Human Being to Serve as a Trustee; Corporations Domestic and Foreign; Partnerships
Merger
Whom Does Counsel Represent?
Why More Than One Trust: The Estate and Generation- Skipping Tax
Fiduciary Principles Applicable to the Mutual Fund
What Are the Duties of the Trustee of a Revocable Inter Vivos Trust?
Where the Trust Is Recognized outside the United States
In Litigation Pertaining to a Trust, When Is the Beneficiary Entitled to Reimbursement from the Trust Estate for Legal Fees?
When a Guardian ad Litem (or Special Representative) Is Needed: Virtual Representation Issues
Doctrines Ancient and Modern
The Trustee of Revocable Trust as "Inadvertent Executor": When There Is a Duty to Prepare the Estate Tax Return
Mistake-Based Trust Reformation or Modification Actions to Achieve Tax-Efficiency Trust Reformation to Remedy Mistakes; Trust Modification; Tax Objectives
Regulation 9 Revised
When the Bank Trustee Merges or Consolidates
Tax Apportionment within and without Trust
Duty of Third Parties to Investigate Whether Trustee Has Power to Act or Is Properly Exercising the Power
Why Do We Need the Trust When We Have the Corporation and the Third-Party Beneficiary Contract?
How a Trust Can Facilitate Gifts to Minors
Burdens of Proof; Standards of Proof
Few American Law Schools Still Require Agency, Trusts, and Equity
Why Trustees Need to Know about Will Residue Clauses
The Difference between