Estates, future interests, and powers of appointment in a nutshell /: Thomas P. Gallanis.

Gallanis, Thomas P.,

Estates, future interests, and powers of appointment in a nutshell / Thomas P. Gallanis.

2018

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Author

Gallanis, Thomas P., author.

Title

Estates, future interests, and powers of appointment in a nutshell / Thomas P. Gallanis.

Edition

Sixth edition.

Imprint

St. Paul, MN : West Academic Publishing, [2018].

Copyright

Description

1 online resource (xxvi, 388 pages).

Series

Nutshell series.

Formatted Contents Note

Introduction to estates and future interests
POSSESSORY ESTATES AND FUTURE INTERESTS: Classifying possessory estates (a.k.a. present interests)
Classifying future interests
Two consequences of the classification of future interests
The rule against perpetuities
Three other rules governing future interests
MARITAL ESTATES: Marital estates at common law
Modern protections for the surviving spouse
CONCURRENT ESTATES: Concurrent estates
POWERS OF APPOINTMENT: A primer on powers
Who owns the appointive property?
Exercising a power
Effectiveness of the appointment
Powers and the rule against perpetuities.

Summary

This comprehensive guide provides an overview of the rules and principles of estates and future interests, including concurrent estates, marital estates (including the modern elective share), and powers of appointment. It includes new innovations from the Restatement 3d of Property, modernizing the law of future interests and dramatically changing the Rule Against Perpetuities. With respect to powers of appointment, the book incorporates the clarifications and modernizations of the law in the Restatement 3d of Property and the Uniform Powers of Appointment Act (2013, with subsequent amendments). The book also has exercises, with answers at the back. Valuable for students in first-year Property and upper-year courses in Trusts and Estates.

Note

Includes index.

Source of Description

Online resource (West Academic, viewed August 10, 2018).

Location

www

Available in Other Form

Print version: Gallanis, Thomas P. Estates, future interests, and powers of appointment in a nutshell. Sixth edition. St. Paul, MN : West Academic Publishing, [2018]

Linked Resources

Access provided by Berkeley Law Library

Alternate Title

West Academic study aids.