The american law institute ali the leading independent organization in the united states producing scholarly work to clarify modernize and improve the law today announced that it has published the third and final volume of its restatement third of property wills and other donative transfers the publication completes a 20 year project to update the law of wills and succession the latest volume provides a comprehensive and detailed account of the rules governing class gifts powers . Restatement of the law third restatement of the law property wills and other donative transfers as adopted and promulgated by the american law institute at washington dc may 12 1998. Restatement of the law of property covers donative transfers the core of family estate planning which require application of many fields of law including federal and state tax law and corporate partnership contract agency and domestic relations law this treatment of the law proceeds with these and other relevant fields in the background. Continues the project restatement second property donative transfers