In lieu of meeting at our regular time and regular place next Friday Nov. 6, we
will instead meet in the Auditorium at Noon for the Lane Foundation
Lecture, which this year is a Property lecture given by Prof. John
Langbein of Yale Law School. Prof. Langbein's topic is an advanced topic
on the "Nonprobate Revolution" of family wealth transmission. It should
be of great interest to students interested in Property, Wills &
Trusts, and the general practice of law. Here is more information:
Prof. John Langbein
Lane Lecture Friday Nov. 6 Noon Auditorium
The Nonprobate Revolution: Privatizing Family Wealth Transfer in the United States.
Probate, the state-operated
system of family wealth transmission, has been marginalized in
contemporary American practice by the rise of free-market competitors in
the financial services industry. Today, it is banks, mutual fund
companies, brokerage
houses, insurance companies, and retirement plan operators who handle
most intergenerational wealth transfer. Professor Langbein will speak
about the causes and extent of the nonprobate revolution, and about some
worrisome drawbacks that are emerging as
this new system of wealth transfer takes hold.











