Comparative and Offshore Trust Law and Practice (SC)

Section 1, Spring 20

Schedule Information

Enrollment: 12/16
Credits: 1
Day Time Room Start Date End Date
  • MTWRF
  • S
  • 1800-2000
  • 0900-1100
  • WB129
  • WB129
02/03/2020 02/08/2020

Course Description

This condensed course provides a brief introduction to international trusts practice, including cutting-edge trust models and drafting techniques using various international trust regimes. It also introduces students to the phenomenon of offshore jurisdictions, their role as "legal laboratories" and the socio-economic dilemmas they raise. Students will acquire an understanding of some of the different types and contexts of trust practice, including the use of trusts to plan succession to a settlor's assets, to minimize the tax burden borne by an individual, family or estate, to shield assets from a settlor's creditors, to securitize debt, to structure complex transactions, to invest pooled funds, to pass control of a family business between generations and more. We will discuss some of the recent radical changes in trust law, from the reception of the trust in civil law and mixed legal systems through the weakening of beneficiaries' rights to receive information about the trust and enforce the trust, the exclusion of trustees' traditional duties and liabilities, and the development of new trust actors such as protectors and non-beneficiary enforcers.

Course Requirements

Exam Info:
Midterm Type (if any): None
Description: None

Final Type (if any): Due Date Only
Description: A take-home examination will be distributed in a sealed envelope on the last day of class. Students will be on their honor to complete their answers to the exam during the stated amount of time upon opening the envelope, and to submit their answers via EXPO shortly thereafter. In accordance with Academic Policy, the deadline to submit exam answers to EXPO will be no later than noon two weeks following the last class session.

Written Work Product
Written Work Product:

Other Work
Students are expected to come to each class prepared to make meaningful contributions to the topic under discussion.

Other Course Details
Prerequisites: (Property (6006)) AND (Contracts (6002)) Concurrencies: None
Mutually Exclusive With: None
Laptops Allowed: Yes
First Day Attendance Required: Yes
Course Resources:
Course Notes:

Graduation Requirements

*Satisfies Writing Requirement: No
**Credits For Prof. Skills Requirement: No
Satisfies Professional Ethics: No

*Yes means professor requires everyone in the course to submit a substantial research paper (which is the requirement standard in Academic Policies), so no paperwork required to be submitted to SRO. No means student must timely submit paperwork to SRO if intending to use a paper in this course to satisfy the Writing Requirement.

**Yes indicates course credits count towards UVA Law’s Prof. Skills graduation requirement, not necessarily a skills requirements for any particular state bar.

Schedule No.
120218114
Law No.
LAW7806
Modified Type
Lecture
Cross Listed: No
Cross-Listed Course Mnemonic:
Public Syllabus Link: None
Evaluation Portal Via LawWeb Opens: Wednesday, January 29, 12:01 AM
Evaluation Portal Via LawWeb Closes: Monday, February 10, 11:59 PM
edit: