Wills, Trusts, and Administration of Estates

Without doubt, the most important developments in fiduciary law in Georgia during the past year were legislative. The most attention-grabbing of these are, first, the repeal of Georgia's version of the common law rule against perpetuities and the adoption in its stead of the Uniform Statutory Rule Against Perpetuities and, second, the repeal of the Georgia Gift to Minors Act and the adoption in its stead of the Georgia Transfers to Minors Act. These two statutes, along with several other significant but less attention-grabbing ones, will be discussed in the first portion of this Article. A discussion of noteworthy judicial decisions resolving a variety of issues in the area of wills, trusts, and administration of estates will then follow.