Professor of Law

Contact

  • Office: 120 Tremont St.,
  • Suite: 310-D
  • Phone: 617-573-8185
  • Fax: 617-305-3089
  • Email: crounds@suffolk.edu

Degrees

  • BA, Columbia University
  • JD, Suffolk University
  • Certificate in German, Defense Language Institute (Monterey)

Bar Admittance

  • MA

    Teaching

  • Drafting Wills and Trusts
  • Agency
  • Trusts
  • Legal Structures of Mutual Funds in Civil Law and Common Law Jurisdictions

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

Professional Activities

Author, The John William Pope Center; Fellow, American College of Trust and Estate Counsel (ACTEC); Resident Scholar, The Beacon Hill Institute; Member of Advisory Committee, The Cato Project on Social Security Choice; Supporter, U.C. Berkeley Tel Dor Archaeological Expedition (Israel); Counsel to Real Estate Agents for Real Agency, Inc.; 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); Fiduciary litigation expert witness [numerous matters including Phillips v. Washington Legal Found. 118 S. Ct. 1925 (1998)]; Fiduciary consultant to trustees and agents, including attorneys-at-law. See Rounds Letter to the Editor, Wall Street Journal, June 13, 2008, pg. A14; University of Lund Summer Program, Onsite Coordinator for 2002, 2003, 2004 and 2005; Massachusetts Lawyers Weekly (Emeritus Board Member).

Publications

Books

LORING: A TRUSTEE'S HANDBOOK (Amazon Kindle Edition) (2014)

LORING: A TRUSTEE'S HANDBOOK (2013)

LORING: 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, 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)

Articles

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, 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, 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, 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, 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, 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, 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, 33 Mass. Law. Wkly. 2275 (2005)

Reframing The Social Security Reform Debate As Ownership Versus Welfare, (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. 5

Social 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, 73 MASS. L. REV. 176 () Cited in Sanford v Vinal, 552 N.E.2d 579, fn. 19, (Mass. App. Ct., 1990)

OTHER PUBLICATIONS


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)

LORING
  • Loring and Rounds: A Trustee's Handbook, 2014 Edition, Aspen Publishers, Dec. 2013.
  • Loring and Rounds: A Trustee's Handbook, 2013 Edition, Aspen Publishers, Dec. 2012.
  • Loring and Rounds: A Trustee's Handbook, 2012 Edition, Aspen Publishers, Dec. 2011.
  • Loring A Trustee's Handbook, 2008 Edition, Aspen Publishers, [hardback].
  • Loring A Trustee's Handbook, 2007 Edition, Aspen Publishers [hardback].
    • Preface to the 2007 Edition (pdf)
    • For ordering information please contact: Aspen Publishers' Customer Service Department, 1-800-638-8437; or visit their website for a 10% disount through the following link www.aspenpublishers.com
    • See In re Will of Crabtree, 449 Mass 128, 138, 865 N.E. 2d 1119, 1129 (2007)(Citing to §7.2.4 of text)
    • See David W. Kirch, Constructive Trusts, Trusts & Estates, July 2007, at pg. 50 (excerpting §3.3 of text)
  • Loring A Trustee's Handbook, 2002 Edition, Panel Publishers, 2002 [hardback].
  • Loring A Trustee's Handbook, 2000 Edition, Panel Publishers, 2000 [hardback]. Cited in Joel C. Dobris, Federal Transfer Taxes: The Possibility of Repeal and The Post Repeal World, 48 Clev. St. L. Rev. 717, N. 48 (2000).
  • Loring a Trustee's Handbook, 1996 Edition, Little, Brown and Co., (1996) [softcover].
  • Loring a Trustee's Handbook, 7th Edition, Little, Brown and Co., (1994) [hardback].


OTHER PUBLICATIONS
  • 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 BEFORE CONGRESS
  • 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.


CONFERENCES AND PANELS
  • 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 noon-1:00 p.m.
    One Federal St, 34th Floor
    Boston, MA
  • The 5th Nordic Research Conference on Foundations
    Speaker and Panelist
    Septermber 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 Univerisity, 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
  • Massachusetts 2001 Libertarian State Convention (Speaker / Breakout Session)
    Social Security Privatization
    Best Western Royal Plaza
    Marlborough, Massachusetts
    Saturday, Feburary 24, 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. Morrrison)
    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


Secondary School Information

Phillips Academy, Andover, Massachusetts (1960-1964); English-Speaking Union Exchange Scholarship to Gresham's School, Holt, Norfolk, England (1964-1965).



Military Service

U.S. Army (1969-1972).



Honors and Awards

Dean Frederick A. McDermott Award, 1982

Judge Cornelius J. Moynihan Award, 1989

Judge Cornelius J. Moynihan Award, 1993

Judge Cornelius J. Moynihan Award, 1994

Dean Frederick A. McDermott Award, 2006

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

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.



Additional Contact Information
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Professor Charles E. Rounds, Jr.
Suffolk University Law School
120 Tremont Street
Boston MA 02108-4977
CRoundsJr@aol.com
617.573.8185 (B)
617.367.1289 (H)
Fax: 617.742.8285
Home Address:
107 Mt. Vernon Street
Boston, MA 02108
Family:
Spouse: Alicia S. Rounds
Sons: Charles E. Rounds III (Chad)
Mark S. Rounds