Rachal v. Reitz and the Efficacy and Implementation of Mandatory Arbitration Provisions in Trusts
Date
2017
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Estate Planning and Community Property Law Journal
Abstract
The first part of this article discusses the advantages and disadvantages of arbitration—a vehicle for avoiding litigation developed for the commercial world—in the realm of settling trust controversies. The second part of this article considers the impact of the Rachal opinion, as well as statutes in other jurisdictions that have recognized the use of such provisions. The third part addresses the particular limitations of mandatory arbitration in the context of resolving trust disputes. And the last part discusses the implementation of trust arbitration, both in terms of the summarizing the procedures set forth in the Texas Arbitration Act (TAA) and the drafting of the clause itself.
Description
Keywords
Binding arbitration in trust disputes, Texas Arbitration Act, TAA, Efficacy of mandatory arbitration provisions, Trusts, Arbitration, American Arbitration Association, AAA, Drafting the mandatory arbitration provisions considerations, Standard arbitration clause for wills and non-commercial trusts, ACTEC Task Force Report, Model Simplified Trial Resolution Act
Citation
9 Est. Plan. & Cmty. Prop. L. J. 191