Presently, Academicians concentrate on the analysis of the substantive requirements and the tax consequences of the transfer of wealth, be it during lifetime or at death. In that regard, the Academy now studies the entities through which wealth is transferred, including but not limited to corporations, partnerships, common law trusts, statutory trusts, foundations, and both common law and civil law bifurcated estates.
Further, it delves into the use of such entities to preserve family businesses with multinational contacts. It studies the effect of marriage on property rights and the impact of divorce on property held by the spouses or either of them at the termination of the marriage.
The Academy studies the effect of international conventions. Because many Academicians serve and have served as delegates from their countries to The Hague and as advisory members to their own state departments or comparable executive or legislative authorities in their countries, the Academy seeks to balance the possible detriments of the conventions to the body of local law with the benefits of attaining greater flexibility in the transfer of interests in property with multinational involvement.