Review by: Thomas C. FosterReview by: Thomas C. Foster

THOMAS C. FOSTER, shareholder and director of McCandlish Holton, PC, Richmond, Va.

Author : Stewart E. Sterk, Mack Professor of Law, Benjamin N. Cardozo School of Law, New York, N.Y.

ARTICLE: “Rethinking Trust Law Reform: How Prudent Is Modern Prudent Investor Doctrine?” 95 Cornell L. Rev. 851 (2010)
Click here to view the PDF of the article.

Professor Stewart E. Sterk’s ambitious goal for his article is to “start the debate,” which he hopes may lead to revisions in the law regarding trust investments (when settlors haven’t specified different provisions). More specifically, Prof. Sterk argues that the law currently encourages trustees to pursue risky investment strategies and to not carefully investigate the investment advisors they engag...