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. Grades will be based on participation and a final examination.