This course examines the law and practice of private wealth management and transmission, typically within the family and often across generations. Among the topics covered are: the policy basis of inheritance and the changing character of intergenerational wealth transfer; intestate succession; the execution and revocation of wills; the rise of will substitutes, including revocable trusts, life insurance, and pension and retirement accounts; spousal protection against disinheritance; the creation, modification, and termination of trusts; the particular rules applicable to charitable trusts; the fiduciary duties of trustees, the principles governing trust investments, and the emerging use of directed trusts; and the nature of a beneficiary's interest in trust, the range of the trustee's discretion, and the rights of a beneficiary's creditors, with special reference to discretionary, spendthrift, and asset protection trusts. The provisions of the Uniform Trust Code, Uniform Probate Code, and other uniform laws will be emphasized.