Usually in this column I write about court opinions that affect the field of wealth preservation, which involves one or more of the Black Robes giving us guidance from on high about various issues of law as applied to the particular facts of the case before them.
Today, I alert you dear readers to something written by somebody who does not wear a black robe, carry a perpetual scowl, and is not opining on the facts before him. To the contrary, I write about something perhaps much more important to the overall development of the law of avoidable transaction, or fraudulent transfers as they were formerly known.
Professor Kenneth C. Kettering served as the Reporter for the 2014 Amendments to the Uniform Fraudulent Transfer Act, which, somewhat ironically, re-names itself as the Uniform Voidable Transactions Act. It was also Ken's article, "Codifying a Choice of Law Rule For Fraudulent Transfer: A Memorandum to the Uniform Law Commission", 19 Am.Bankr.Inst.L.Rev. 319 (2011), which provided the primary impetus for the Drafting Committee for the revisions to the UFTA upon which Yours Truly served as an ABA Adviser.
Ken has now written the definitive guide to those 2014 changes in his article "The Uniform Voidable Transactions Act; or, 2014 Amendments to the Uniform Fraudulent Transfer Act" which is available online here.
Ken's article covers in detail every material change to the UFTA in considerable depth, and as the new UVTA (or revised UFTA) is quite likely to be adopted by a majority of jurisdictions, this article is a "must read" for wealth preservation planners and creditor-debtor attorneys alike.
To quote Ken, "One generation passes away and another generation comes, but voidable transfer law abides forever."
CITE AS
K. Kettering, The Uniform Voidable Transactions Act; or, 2014 Amendments to the Uniform Fraudulent Transfer Act (2015), as found at http://goo.gl/1v7YxV
This article at http://onforb.es/1K1iGZa and http://goo.gl/7INfWh
