Browsing HLS Scholarly Articles by Author "Schanzenbach, Max"

Now showing items 1-4 of 4

    • Jurisdictional Competition for Trust Funds: An Empirical Analysis of Perpetuities and Taxes 

      Sitkoff, Robert H; Schanzenbach, Max (Yale Law School, 2005)
      This Article presents the first empirical study of the domestic jurisdictional competition for trust funds. To allow donors to exploit a loophole in the federal estate tax, since 1986 a host of states have abolished the ...

    • Perpetuities or Taxes? Explaining the Rise of the Perpetual Trust 

      Sitkoff, Robert H; Schanzenbach, Max (Benjamin N Cardozo School of Law, 2006)
      By abolishing the Rule Against Perpetuities, 21 states have now validated perpetual trusts. The prevailing view among scholars is that enactment of the generation skipping transfer (GST) tax in 1986 prompted the movement ...

    • Prudent Investor Rule and Market Risk: An Empirical Analysis 

      Sitkoff, Robert H; Schanzenbach, Max (2015)
      The prudent investor rule, enacted in every state over the last 30 years, is the centerpiece of fiduciary investment law. Repudiating the prior law's emphasis on avoiding risk, the rule reorients fiduciary investment toward ...

    • The Prudent Investor Rule and Trust Asset Allocation: An Empirical Analysis 

      Sitkoff, Robert H; Schanzenbach, Max (American College of Trust and Estate Counsel, 2010)
      This article reports the results of an empirical study of the effect of the new prudent investor rule on asset allocation by institutional trustees. Using federal banking data spanning 1986 through 1997, the authors find ...