Austin Wakeman Scott (August 31, 1884 – April 10, 1981) was a professor of law at

Harvard University Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyma ...

who wrote a ten-volume treatise covering many topics of personal

trusts A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person. In the English common law, the party who entrusts the property is k ...

such as the formation and termination of express trusts, resulting and constructive trusts, and the conflicts of interest encountered in the administration of trusts. Many of Professor Scott's dictums for

fiduciaries A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (legal person or group of persons). Typically, a fiduciary prudently takes care of money or other assets for another person. One party, for ...

have been incorporated in the

Uniform Prudent Investor Act {{Short description, Fiduciary Requirements of Registered Investment Advisors (Post 1992) ''The Uniform Prudent Investor Act'' (UPIA), which was adopted in 1992 by the American Law Institute's Third Restatement of the Law of Trusts ("Restatement of ...

(UPIA). His four-volume book, ''The Law of Trusts'', was published in 1939. He graduated from

Rutgers University Rutgers University ( ), officially Rutgers, The State University of New Jersey, is a Public university, public land-grant research university consisting of three campuses in New Jersey. Chartered in 1766, Rutgers was originally called Queen's C ...

in 1903 with an A.B. and received his LL.B. in 1909 from

Harvard Law School Harvard Law School (HLS) is the law school of Harvard University, a Private university, private research university in Cambridge, Massachusetts. Founded in 1817, Harvard Law School is the oldest law school in continuous operation in the United ...

.New York Times: Obituary
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* 1884 births 1981 deaths American legal writers Harvard Law School faculty Rutgers University alumni Harvard Law School alumni {{US-law-bio-stub