{"product_id":"9781849466981","title":"Passing Wealth on Death : Will-Substitutes in Comparative Perspective","description":"\u003cstrong\u003ePassing Wealth on Death\u003c\/strong\u003e\u003cbr\u003e\u003cb\u003eAuthor(s): \u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003eWealth can be transferred on death in a number of different ways, most commonly by will. Yet a person can also use a variety of other means to benefit someone on death. Examples include \u003ci\u003edonationes mortis causa\u003c\/i\u003e, joint tenancies, trusts, life-insurance contracts and nominations in pension and retirement plans. In the US, these modes of transfer are grouped under the category of 'will-substitutes' and are generally treated as testamentary dispositions. \u003cbr\u003e\u003cbr\u003eMuch has been written about the effect of the use of will-substitutes in the US, but little is generally known about developments in other jurisdictions. For the first time, this collection of contributions looks at will-substitutes from a comparative perspective. It examines mechanisms that pass wealth on death across a number of common law, civil law and mixed legal jurisdictions, and explores the rationale behind their use. It analyses them from different viewpoints, including those of owners of businesses, investors, as well as creditors, family members and dependants. The aims of the volume are to show the complexity and dynamics of wealth transfers on death across jurisdictions, to identify patterns between jurisdictions, and to report the attitudes towards the different modes of transfer in light of their utility and the potential frictions they give rise to with policies and principles underpinning current laws.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003eReview(s):\u003cbr\u003e\u003cp\u003e“The rise of succession by way of will-substitutes raises hard questions of law, policy and sound practice...Against the backdrop of decades of experience with these questions in American practice, \u003ci\u003ePassing Wealth on Death\u003c\/i\u003e undertakes to launch comparative study of the will substitute phenomenon. A comparative take on will-substitutes is an exciting and welcome development. The American literature, although fulsome, is almost entirely inward looking.” —\u003ci\u003eThe Cambridge Law Journal\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e“The eminent contributors have clearly put a high level of careful scholarship into the individual essays in the volume. The project has greatly advanced our understanding of will-substitutes and their place in the law of succession ... given the quality of the analysis it offers, the book is a highly recommended purchase for university libraries, for scholars in the area of succession law, and for larger legal practices with an interest in international estate planning.” —\u003ci\u003eLaw Quarterly Review\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e“It lays the foundation for further study both at a national level and comparatively. While the picture is a complex one, at the very least the pervasive use of will substitutes calls for a re-evaluation of the operation of succession law. Further, this project has opened a new and more subtle aspect in the discussion probing the use of functional equivalents. This volume is therefore very welcome and deserves a wide audience among both succession lawyers and comparatists.” —\u003ci\u003eEdinburgh Law Review\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e“This book is helpful in categorizing the multitude of means to pass wealth on death in modern society... For those readers who enjoy the view from 30,000 feet up, as well as an invigorating flight plan through several different legal cultures, this book offers both.  And at the end of the journey, one arrives with a refreshed and more insightful understanding of modern succession law on death.” —\u003ci\u003eEstates Trusts \u0026amp; Pensions Journal, Volume 36, No. 3\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e“Although much has been written about the effect of the use of will-substitutes in the United States, contributors to Braun and Rothel's volume look at them in comparative perspective, examining mechanisms that pass wealth on death across a number of common law, civil law, and mixed legal jurisdictions, and exploring the rationale behind their use.” —\u003ci\u003eLaw and Social Inquiry\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e“I found this book to be informative, interesting and easy to read. I recommend practitioners giving estate, trust and asset planning advice read this text while tax lawyers will also find it interesting.” —\u003ci\u003eLawTalk 904\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e“In acknowledging and exploring the realities of wealth transfer upon death, Braun and Röthel call upon the international legal community to reconsider the scope of succession laws and whether they are achieving their underlying goals.” —\u003ci\u003eMaastricht European Private Law Institute Website\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e“It is clear that this book sets the gold standard for all future studies on the subject. (Translated from the original German)” —\u003ci\u003eThe Rabel Journal of Comparative and International Private Law\u003c\/i\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eISBN:  9781849466981\u003cbr\u003e\u003cbr\u003e ","brand":"Hart Publishing","offers":[{"title":"Hardback","offer_id":40722199412942,"sku":"9781849466981","price":115.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0600\/7029\/7806\/products\/getimage_fe2cb68a-e344-4ca9-ad03-8680ce03a2d8.jpg?v=1641103210","url":"https:\/\/pickwickbookshop.com\/products\/9781849466981","provider":"Pickwick Bookshop","version":"1.0","type":"link"}