Charles E. Rounds, Jr.

Biography

Lawyer, The First National Bank of Boston, 1977-83; Adjunct Instructor, 1978-83; Associate Professor of Law, 1983-86; Professor of Law, since 1986. Tenure Granted: 1990; Research Professor of Law, 2021 - Present

Education

• BA, Columbia University
• JD, Suffolk University
• Certificate in German, Defense Language Institute (Monterey)
• English-Speaking Union Exchange Scholarship to Gresham's School, Holt, Norfolk, England (1964-1965).
• Phillips Academy, Andover, Massachusetts (1960-1964)

Articles

• Arbitration Contracts Between Trustees and Their Investment Agents: A Warning Label [PDF],93 N. DAKOTA L. REV. 263 (2018)
• “The Uniform Directed Trust Act,” [PDF] Trusts & Estates (December 2017), at p. 24.
• Is a Hungarian Trust a Clone of the Anglo-American Trust, or Just a Type of Contract?: Parsing the Asset-Management Provisions of the New Hungarian Civil Code [PDF], 6 GEO. MASON J. INT'L COM. L. 153 (2015) (with Istvan Illes)
• Better Beach Books Felicia Chernesky [PDF] Published online: # Springer Science+Business Media New York, (2015)
• The Massachusetts Uniform Trust Code: Context, Content, and Critique, 96 MASS. L. REV. 27 (2014) (with Courtney J. Maloney)
• Chinks in the Armor: Three Exceptions to the Uniform Trust Code's 5-year Ultimate Repose Provision Suggest That a Trustee May Not Be Home Free From Liability, TRUSTS & ESTATES 52 (2013)
• Old Doctrine Misunderstood, New Doctrine Misconceived: Deconstructing the Newly-Minted Restatement (Third) of Property's Power of Appointment Sections [PDF], 26 QUINNIPIAC PROB. L. J. 240 (2013)
• Proponents of Extracting Slavery Reparations from Private Interests Must Contend with Equity's Maxims, 42 U. TOL. L. REV. 673 (2011)
• Bricks without Straw: The Sorry State of American Legal Education [PDF], 24 :2 ACADEMIC QUESTIONS (2011)
• You Can't Take It With You (reviewing Ray D. Madoff, IMMORTALITY AND THE LAW: THE RISING POWER OF THE AMERICAN DEAD, 24 :1 PHILANTHROPY MAGAZINE 48 (2010)
• Relief for IP Rights Infringement Is Primarily Equitable: How American Legal Education is Short-Changing the 21st Century Corporate Litigator [PDF], 26 SANTA CLARA COMPUTER & HIGH TECH L.J. 313 (2010)
• State Common Law Aspects of the Global Unwinding of the Madoff Ponzi Scheme and the Sub-Prime Mortgage Securitization Debacle: Buttressing the Thesis That Globalizing the American Law School Curriculum at the Expense of Instruction in Core Common Law Doctrine Will Only Further Provincialize It [PDF], 27 WIS. INT'L. L.J. 99 (2009)
• The Common Law is Not Just About Contracts: How Legal Education Has Been Short-Changing Feminism, 43 U. RICH. L. REV. 1185 (2009)
• Lawyer Codes Are Just About Licensure, the Lawyer's Relationship With the State: Recalling the Common Law Agency, Contract, Tort, Trust and Property Principles that Regulate the Lawyer-Client Relationship [PDF], 60 BAYLOR L. REV. 771 (2008)
• Sebastian V. Grassi, Jr's., A Practical Guide to Drafting Irrevocable Life Insurance Trusts (2d ed.), 27 MICH. PROB. & EST. PLAN. J. 27 (2007) (book review)
• Publicly-Traded Open End Mutual Funds in Common Law and Civil Law Jurisdictions: A Comparison of Legal Structures [PDF], 3 NYU J. L. & BUS. 473 (2007) (with Andreas Dehio, Heidelberg, Germany) (with graphics)
• The Case for a Return to Mandatory Instruction in the Fiduciary Aspects of Agency and Trusts in the American Law School, Together with a Model Fiduciary Relations Course Syllabus, 18 REGENT U. L. REV. 251 (2006) See 20:6 PROB. & PROP., Nov./Dec. 2006 at pg. 64. See also Charles E. Rounds, Jr., Bad Sociology, Not Law (Jan. 4, 2010) (The John William Pope Center for Higher Education Policy). Charles E. Rounds, Jr., Trivializing Law School (April 1, 2010) (The John William Pope Center for Higher Education Policy)
• Why Democrats Should Embrace Personal Accounts [PDF], 33 Mass. Law. Wkly. 2275 (2005)
• Reframing The Social Security Reform Debate As Ownership Versus Welfare [PDF], (2005) See also Rounds, Letter to the Editor, Wall Street Journal, Monday, May 2, 2005, p. A19
• The Fiction of Social Security Bonds, Ludwig von Mises Institute (2005)
• No More Euphemisms (Addressing the misapplication of legal terminology by those participating in the social security privatization debate), Ludwig von Mises Institute (2002)
• A Legal and Operational Framework for the Privatization of Social Security, Beacon Hill Institute Policy Study (2002) (with Karl J. Borden)
• A Proposed Legal Regulatory, and Operational Structure for an Investment-Based Social Security System, Cato Institute SSP No. 25 (2002) (with Karl J. Borden)
• Property Rights: The Hidden Issue of Social Security Reform, Cato Project on Social Security Privatization No. 19 (2000)
• IOLTA: Interest Without Principle, No. 291 Policy Analysis, Cato Institute (1997) See also, Susan Perrilloux Billeaud, Comments, The Emperor Has No Clothes! IOLTA's Checkered Past Exposed; 30 CUMB. L. REV. 67 (2000) at 70-71; Marcia Coyle, Court revisits client account issue, National Law Journal, Dec. 2, 2002, pg. 1, col.2; Ruling puts IOLTA plans in jeopardy, National Law Journal, Oct. 29, 2001, pg. 1, col. 5Social Investing, IOLTA and the Law of Trusts: The Settlor's Case Against the Political Use of Charitable and Client Funds, 22 LOY. U. CHI. L.J. 163 (1990) (reprinted 5 CONN. PROB. L.J.l 25 (1989))
• The Vulnerability of Trust Assets to Attack by the Deceased Settlor's Creditors, by the Commonwealth Should It Seek Reimbursement for Medical Payments, and by the Spouse, 73 MASS. L. REV. 67 (1988) (Cited in Bongaards v Millen, 55 Mass. App. Ct. 51, fn. 20 (2002))
• Protections Afforded to Massachusetts' Ancient Burial Grounds [PDF], 73 MASS. L. REV. 176 (1988) Cited in Sanford v Vinal, 552 N.E.2d 579, fn. 19, (Mass. App. Ct., 1990)

Books

• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2024)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2023)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2022)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK, Trust-Related Property Rights and the U.S. Constitution: Some Critical Areas of Intersection - Mid-Year Supplement (2021)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2021)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK, The Trustee's Guide to Blockchain and Cryptocurrency - Mid-Year Supplement (2020)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2020)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK, 120th Anniversary Special Mid-Year Supplement (2019)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2019)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2018)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2017)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2016)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2015)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2014)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2013)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (2012)
• LORING AND ROUNDS: A TRUSTEE'S HANDBOOK (Aspen, 2010 & Supp. 2011-)
• A PRACTICAL GUIDE TO ESTATE PLANNING IN MASSACHUSETTS (Massachusetts Continuing Legal Education, Charles E. Rounds, Jr. and Jon E. Steffensen eds., 2009) (with Jon E. Steffensen, co-editor)
• LORING: A TRUSTEE'S HANDBOOK (Aspen, 2009)
• LORING: A TRUSTEE'S HANDBOOK (Aspen, 2008)
• LORING: A TRUSTEE'S HANDBOOK (Aspen, 2007)
• I AND II A PRACTICAL GUIDE TO ESTATE PLANNING (2d ed., Jon E. Steffensen and Charles E. Rounds, Jr. eds., 2007) (Ethics Editor)
• LORING: A TRUSTEE'S HANDBOOK (Aspen, 2006)
• LORING: A TRUSTEE'S HANDBOOK (Aspen, 2005)
• LORING: A TRUSTEE’S HANDBOOK (Aspen, 2004)
• FIDUCIARY LIABILITY OF TRUSTEES AND PERSONAL REPRESENTATIVES, BNA TAX MANAGEMENT PORTFOLIO 853 (2003)
• LORING: A TRUSTEE’S HANDBOOK (Aspen, 2003)
• LORING: A TRUSTEE’S HANDBOOK (Panel Pub., 2002)
• LORING: A TRUSTEE’S HANDBOOK (Panel Pub., 2001)
• I AND II A PRACTICAL GUIDE TO ESTATE PLANNING (Jon E. Steffensen and Charles E. Rounds, Jr. eds., 2000) (Ethics Editor).
• LORING: A TRUSTEE’S HANDBOOK (Panel Pub., 2000)
• LORING: A TRUSTEE’S HANDBOOK (Panel Pub., 1999)
• LORING: A TRUSTEE’S HANDBOOK (Panel Pub., Centennial ed., 1998)
• LORING: A TRUSTEE’S HANDBOOK (Little, Brown and Co., 1997)
• LORING: A TRUSTEE’S HANDBOOK (Little, Brown and Co., 1996)
• LORING: A TRUSTEE’S HANDBOOK (Little, Brown and Co., 1994)

Book Chapters

• Social Investing Threatens Public Pension Funds, Charitable Trusts and the Social Security Trust Fund [PDF], in PENSION FUND POLITICS: THE DANGERS OF SOCIALLY RESPONSIBLE INVESTING (American Enterprise Institute, John H. Entine ed., 2005)
• Property Rights: The Hidden Issue of Social Security Reform, in SOCIAL SECURITY AND ITS DISCONTENTS (Cato Institute, Michael D. Tanner ed., 2004)

Media

• This Is Not Life, Liberty or Happiness-It's Tyranny, WALL STREET JOURNAL, A14 ( 2012 ) (April 26, 2012)
• 'First Do No Hurt' Should Apply to Our Regulators, Too, WALL STREET JOURNAL, A20 ( 2011 ) (Dec. 14, 2011)
• Please, No Lemmings, WALL STREET JOURNAL, A14 ( 2008 ) (June 13, 2008)
• Social Security: An Overpriced Lottery Ticket, WALL STREET JOURNAL, A19 (2005) (May 2, 2005)
• Uniform Directed Trust Act Approved, Wealthmanagement.com, August 03, 2017.
• Social Security Doublespeak, 13 The American Enterprise, No. 5, p.35 (Sidebar), July/August 2002.
• Unraveling Social Security Privatization Doublespeak, Boston Business Journal, v. 22, no.16. May 24-30, 2002, Op Ed. p. 55.
• No More Euphemisms (Addressing the misapplication of legal terminology by those participating in the social security privatization debate). Posted May 7, 2002. Ludwig von Mises Institute.
• Testimony, Joint Economic Committee, U.S. Congress, Economically Targeted Investments (ETIs) May 18, 1995, ISBN 0-16-052347-8
• Testimony, Subcommittee on Commercial and Administrative Law, U.S. House of Representatives, Oversight Hearing on the Legal Services Corporation, June 26, 1996 (U.S. Congress House of Representatives Committee on the Judiciary). See generally, the Beacon Hill Institute's BHI Policy Studies.
• Moderator, Professional Seminar on Family Offices (Session II)—June 18, 2016
  The American College of Trust and Estate Counsel (ACTEC) 2016 Summer Meeting
  The Westin Copley Place
  Boston, Massachusetts
• Co-panelist, MassHealth Update 2014
  Crowne Plaza Hotel, Newton, MA
  Friday, Oct. 24, 2014
• Speech at the Center for Corporate Governance, Copenhagen Business School.
  Sponsored by The Research Project on Industrial Foundations
  Jan. 10, 2014
  Copenhagen, Denmark
• Trusts: Antilapse Provisions and Powers of Appointment, Traps and Tips
  Speech at the Merrimack Valley Conveyancers Association
  Oct. 24, 2013
  Andover, MA
• The Codification of Trust Law
  Presentation
  Boston Trusts and Estates Consortium
  Feb. 10, 2012, 12:00 p.m. - 1:00 p.m.
  One Federal St, 34th Floor
  Boston, MA
• The 5th Nordic Research Conference on Foundations
  Speaker and Panelist
  September 17 and 18, 2009
  Lund, Sweden
• History of the Loring Handbook Going Back to 1898
  Inaugural Speaker "Authors Amongst Us" Series
  Beacon Hill Civic Assoc., Hampshire House, Boston, MA
  April 7, 2008
• Panelist, Socially Responsible Investing
  U.S. Pensions Summit
  The Homestead
  Hot Springs, Virginia
  Sept. 10-12, 2007
• Featured Speaker. Annual Meeting, Small Property Owners Assoc. (SPOA)
  Cambridge, MA
  March 20, 2007, 7:00 PM
• Panelist. "Securing The Future Through Social Security Reform," Students for Saving Social security
  Boston University, School of Education
  Two Sherborn St
  Boston, MA 02215
  April 24, 2006, 5:00 PM - 7:00 PM
• Moderator. Panel Discussion. "Preserving Donor Intent," The Federalist Society.
  The Cornell Club
  6 East 44th St. N.Y.C., N.Y.
  Oct. 26, 2005, 7:00-8:30 PM
• Panelist. "A Social Security Forum: Is Social Security Reform Necessary? "
  Merrimack Valley Estate Planning Council in Conjunction with the Massachusetts School of Law, Merrimack College and the Merrimack Valley Chamber of Commerce. The televised program received the "Crystal Award of Excellence" for projects that exceed industry standards in production and communication skills and the "Silver Millennium Award."
  315 Turnpike Street
  North Andover, MA 01845
  Sep 12, 2005, 3-5 PM
• Panelist. "Consumer Protection and Home Buying: The Business Behind the Business."
  Mass. Assoc. of Buyers Agents
  120 Tremont St., Boston, MA 02108
  June 2, 2005.
  See, Boston Globe, Friday, June 3, 2005, Sec. E, p. 3 "Some real estate specialists see conflict in buyer-seller law", by Kimberly Blanton.
• Participant, "Issues and Insight"
  Radio Program. Topic: Social Security and Private Accounts
  KXCV-KRNW (Missouri)
  April 2005.
• The Benefits of Privatizing Social Security
  Suffolk University Law School Republicans
  120 Tremont Street
  Boston, MA
  March 31, 2005
• "Socially Responsible" Investing and Pension Funds: Welcome Reform or Fiduciary Nightmare?
  American Enterprise Institute for Public Policy Research
  Wohlstetter Conference Center, AEI, Washington, D.C.
  Panel II: SRI and Pension Fund Issues (Co-Presenter)
  June 7, 2004
• Advanced Topics in Trusts for Financial Professionals (Co-Presenter)
  The Boston Security Analysts Society, Inc.
  Union Club of Boston
  Boston, Massachusetts
  Feb. 13, 2003
• Trusts: An Introduction to the Duties and Liabilities of Trustees (Presenter)
  The Boston Security Analysts Society, Inc.
  Union Club of Boston
  Boston, Massachusetts
  Nov. 19, 2002
• Fiduciary Responsibility: Recent Court Decisions of Particular Interest to Trustees, selected topics identified by CCC Members, and the Uniform Trust Code. (Presenter)
  CCC Alliance Members' Meeting
  The Bay Tower Room
  Boston, Massachusetts
  Nov. 12, 2002
• Social Security: False Consciousness and Crisis (Transaction Publishers, 2002). A Cato Institute Book Forum (featuring the author, John Attarian, with comments by Charles E. Rounds, Jr., Professor of Law, Suffolk University Law School and Amitai Etzioni, Professor of Sociology, George Washington University).
  Washington, D.C.
  Tuesday, October 22, 2002.
• Trusts for Non-Lawyers: The Duties and Liabilities of Trustees (Presenter)
  Massachusetts Society of Certified Public Accountants Educational Foundation
  Suffolk University Law School
  Boston, Massachusetts
  Wednesday, May 22, 2002
• Center for Adoption Research at the University of Massachusetts Member Host Committee, along with his wife Alicia.
• Massachusetts 2001 Libertarian State Convention (Speaker / Breakout Session)
  Social Security Privatization
  Best Western Royal Plaza
  Marlborough, Massachusetts
  Saturday, February 24, 2001
• Privatizing Social Security-Beyond the Theory (Panelist)
  Martin Feldstein, et. al.
  Cato Institute
  Washington, D.C.
  February 6-7, 2001
• Drafting Special Needs Trusts (Panelist)
  Massachusetts Bar Assoc.-CLE Seminar
  Worcester, Massachusetts
  December 6, 2000
• Social Security Reform: Is Partial Privatization Really Risky? (Debate Participant)
  The Federalist Society-Boston Lawyers' Division
  Boston, Massachusetts
  October 26, 2000
• Demystifying the Rights, Duties and Responsibilities of a Fiduciary (Speaker/ Break-Out Session)
  2000 Summit, 6th Annual Client Conference
  Capital Resource Advisors and Wellesley Group
  Palm Beach Gardens, Florida
  October 14, 2000
• The Rights, Duties, and Liabilities of the Trustee (Speaker)
  Next Generation Conference
  Boston, Massachusetts
  July 28, 2000
• Drafting Special Needs Trusts (Panelist)
  Massachusetts Bar Assoc.-CLE Seminar
  Boston, Massachusetts
  May 23, 2000
• Affirmative Action (Debate Moderator)
  The Federalist Society
  Boston, Massachusetts
  April 19, 2000
• The Fundamental Principles of Agency and Trust Law
  That Guide Those Who Invest for Others (Featured Speaker)
  The Boston Security Analysts Society
  Boston, Massachusetts
  March 7, 2000
• The Rights, Duties, and Liabilities of the Trustee (Featured Speaker)
  The Boston Security Analysts Society
  Boston, Massachusetts
  November 9, 1999
• Your Duties as a Retirement Board Members-Reflections on First Principles(Speaker)
  MACRS Refresher Comprehensive Overview Program for Board Members and Staff
  Cape Cod, Massachusetts
  June 5, 1999
• Affirmative Action (Debate Moderator)
  Dr. Abigail Thernstrom, et. al.
  The Federalist Society-Suffolk University Law School
  Boston, Massachusetts
  April 18, 1999
• Prudent Diversification (Speaker)
  The Boston Estate and Business Planning Council
  Boston, Massachusetts
  March 26, 1999
• The Disintegrating Erosion of Particular Exceptions (Featured Speaker)
  Massachusetts Association of Buyer Agents
  Boston, Massachusetts
  March 16, 1999
• Are IOLTA Programs Constitutional? (Debate Participant)
  (Rounds v. Morrison)
  Cato Institute
  Washington, D.C.
  January 12, 1998
• The Common Law Rights of the Settlor and the Remaindermen and The Marginalization of the Law of Trusts in American Law Schools (Luncheon Speaker)
  Heirs Conference for Trust Beneficiaries
  The Breakers
  Palm Beach, Florida
  January 3-4, 1997
• Trials and Tribulations of Updating a Classic: Loring on Trusts (Speaker)
  Law Librarians of New England Fall Meeting
  Boston, Massachusetts
  November 17, 1995
• Trustees' Duties, Responsibilities & Liabilities (Speaker)
  Sagamore Partners Workshop
  Boston, Massachusetts
  September 26, 1994
  September 19, 1994
• Topic: A Trustee's Handbook (Speaker)
  The Boston Probate & Estate Planning Forum
  Boston, Massachusetts
  September 14, 1994
• Keynote Address (Keynote Speaker)
  Attorneys' Bar Assoc. of Florida Annual Meeting
  Orlando, Florida
  June 24, 1994
• Oral Argument (Counsel for Plaintiff)
  The Franklin Foundation v. Attorney General, et. al.
  Supreme Judicial Court of Massachusetts
  Boston, Massachusetts
  November 2, 1993
• IOLTA: Threat or Salvation (Debate Participant)
  Dr. Michael Greve, et. al.
  The Federalist Society
  Boston, Massachusetts
  February 11, 1993
• Commencement Address (Commencement Speaker)
  The Franklin Institute of Boston
  Boston, Massachusetts
  June 3, 1990

Honors and Awards

• U.S. Army (1969-1972).
• Dean Frederick A. McDermott Award ¹, 1982
• Judge Cornelius J. Moynihan Award ², 1989
• Judge Cornelius J. Moynihan Award ², 1993
• Judge Cornelius J. Moynihan Award ², 1994
• Dean Frederick A. McDermott Award ¹, 2006
• Professor of the Year Award ³, 2019

1. Dean Frederick A. McDermott Award - awarded by the SULS Student Bar Association to an alumnus who has made significant contributions to the Suffolk Law Community.

2. Judge Cornelius J. Moynihan Award - awarded by the SULS Student Bar Association to a member of the law school faculty who exhibits great expertise as a classroom instructor.

3. Professor of the Year Award - Voted by the student body of Suffolk University Law School.

Professional Activities

Fellow, American College of Trust and Estate Counsel (ACTEC); Former Counsel to The Franklin Foundation, by statute sole managing agent of a 200 year accumulation trust established under the will of Benjamin Franklin and now terminated. See Franklin Foundation v. Attorney General, 623 N.E. 2d 1109 (1993); Massachusetts Lawyers Weekly (Emeritus Board Member).

Additional Contact Information