New Edition of “Restatement of the Law Third, Trusts – Volume 3” Published

The following is from the ALI website:

This new volume of Restatement Third of Trusts covers trustee powers and duties. It also includes an updated version of the Prudent Investor Rule volume published by ALI in 1992.

Topics Include:

• general duties
• duty of prudence 
• duty of loyalty 
• duty of impartiality 
• duty with respect to delegation 
• duty to furnish information to beneficiaries 
• extent and exercise of trustees’ powers

In the Restatement tradition, this volume combines clear black-letter provisions with extensive explanatory Comments, clarifying Illustrations, and detailed Reporter’s Notes. The volume is further enhanced by tables of cases and statutes, parallel tables showing corresponding Restatement Third and Restatement Second section numbers, a table of cross-references to the West Digest System and ALR annotations, and an index. The volume will be supplemented by an annual pocket part.