Authoritative text provides concise, up-to-date explanation of the laws and rules governing the creation, enforcement, administration, and termination of trusts. Includes coverage on voluntary trusts, charitable trusts, and trusts created by operation of law, as well as those applicable to similar fiduciary relationships. In addition, numerous references are made to current state statutes relevant to particular subject areas, and to widely adopted state statutes such as the Uniform Probate Code. Also contains federal statutes such as the Employee Retirement Income Security Act .

Chapters
Introduction and History
Creation of Express Trusts-Trust Intent-Formalities-Conveyancing
Creation of Express Trusts-Subject Matter-Trustee
Creation of Private Express Trusts-The Beneficiary
The Creation of Private Trusts-Purposes-Restrictions on Settlor
Charitable Trusts
Origin of Resulting Trusts
Creation of Constructive Trusts
The Powers of the Trustee-In General
Duties of the Trustee-In General
Duties of the Trustee-Possession and Protection
Duties of the Trustee-Investments
Duties of the Trustee-Receipts and Payments-Principal and Income
Liabilities from Contracts, Torts and Property Ownership
Sales, Mortgages and Leases by Trustees
Accounting and Compensation
Alteration or Termination of the Trust
Remedies of Beneficiaries Under Trusts-Liabilities of Trustee and Third Persons
Remedies of Beneficiaries-Tracing the Trust Res-The Bona Fide Purchaser Rule
Remedies of Beneficiaries-Participation in a Breach-Barring of Remedies
Factors Which May Influence the Outcome of Surcharge Litigation
Trusts and Conflict of Laws Problems
Forms of Trusts-Several Examples
Appendix: WESTLAW References
Table of Cases
Index