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"Estates"
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The Grammarians
\"Laurel and Daphne Wolfe, identical, inseparable redheaded twins, share an obsession with words. As adults making their way in 1980s Manhattan, their verbal infatuation begins to push them apart. Their fraying twinship finally shreds completely when the sisters go to war over custody of their most prized family heirloom: Merriam Webster's New International Dictionary, Second Edition\"-- Publisher's description.
Market Distortions When Agents Are Better Informed: The Value of Information in Real Estate Transactions
2008
Agents are often better informed than the clients who hire them and may exploit this informational advantage. Real estate agents have an incentive to convince clients to sell their houses too cheaply and too quickly. We test these predictions by comparing home sales in which real estate agents are hired to when an agent sells his own home. Consistent with the theory, we find homes owned by real estate agents sell for 3.7% more than other houses and stay on the market 9.5 days longer, controlling for observables. Greater information asymmetry leads to larger distortions.
Journal Article
Succession, wills and probate
\"Succession, Wills and Probate provides a comprehensive guide to all areas of succession law. It considers the passing of property outside a will as well as dealing with intestate estates. It looks at the nature of wills and gives full details of the capacity and formalities for creating valid wills, including special wills, as well as altering and revoking them. In implementing wills, the principles of construction are dealt with, as well as what happens if a gift fails. There is a comprehensive introduction to the functions and administrative duties of personal representatives, and a substantial chapter covers the highly topical area of family provision. Cases are presented in detail throughout. The student is offered summaries of the mainstream criticisms of each area as an introduction to a more critical approach.This third edition includes new material on religious wills and expanded coverage of foreign wills. It has been thoroughly updated throughout to incorporate recent case law on capacity, formalities mutual wills, intestacy and undue influence, amongst other areas, and to reflect the considerable developments since publication of the previous edition such as the Civil Partnership Act 2004 and its impact on the Family Provision Act, Lasting Powers of Attorney, the Mental Capacity Act 2005, Estates of Deceased Persons Act 2011 and changes to the structure of Inheritance Tax. \"-- Provided by publisher.