Estate and Trust Planning This book covers the substantive rules and policies of the law of wills, trusts, and estates. Among the subjects it addresses are: how property passes when a decedent dies without a will; the requirements to validly execute a will; grounds for contesting a will; the revocation, interpretation, and construction of wills; property transfers by will substitute; limits on the freedom of property owners to dispose of property; the creation and operation of trusts; powers of appointment; future interests as used in wills and trusts; the Rule Against Perpetuities; duties of fiduciaries who administer estates and trusts; planning for incapacity; ethics for estate planners; wealth transfer taxation; and the income taxation of trusts, estates, grantors, and beneficiaries. In most instances the relevant statutory and common law rules and policies for resolving wealth transfer disputes are addressed, along with the planning implications that these controversies raise.