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Charles E. Rounds Jr, Fiduciary Consultant
For 35 years and counting I have been practicing, teaching, and writing almost exclusively in that corner of the law that relates to the fiduciary duties and liabilities of trustees and agents.
Charles E. Rounds Jr, Fiduciary Consultant Features
posted on 22 Sep 2015 | ArticleIs 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.Charles Rounds takes a new direction, exploring the Hungarian Fiduciary Asset Management Trust. Charles' breadth of knowledge never ceases to amaze.
posted on 19 Aug 2015 | Article | 1 commentsCharles rounds asks a provocative question about the very nature of trusts.
posted on 16 Jun 2015 | ArticleAuthor Charles Rounds explores recent developments regarding Crummey powers and proper actions for trustees.
posted on 10 Oct 2014 | ArticleWhile a pet may be put into a trust, its human owner may not be. Nor under traditional principles of property and trust law may the corpse of a deceased human being be made the subject of a trust....
posted on 2 Jul 2014 | ArticleThe confusion being engendered by the Uniform Trust Code's default trust-revocation methodologies (Section 602(c))When is an irrevocable trust revocable? The recently adopted Uniform Trust Code (UTC) was supposed to make all of this more clear, but a recent case in New Mexico has muddied the waters for all...
Other news from Charles E. Rounds Jr, Fiduciary Consultant
posted on 3 Mar 2014 | ArticleThe law's good faith principle has traditionally regulated legal relationships, such as the contractual relationship. Equity's more intense fiduciary principle has generally regulated equitable...
posted on 13 Dec 2013 | ArticleThe Constructive General Inter Vivos Power of Appointment: A Trap for the Unwary Trustee and His/Her CounselThe constructive general inter vivos power of appointment is the product of the marriage of power of appointment doctrine and creditors' rights doctrine. In this article, PGDC contributing author...
posted on 3 Sep 2013 | Group NewsA valid Massachusetts testamentary trust may now arise under a will that was not fully executed (signed by the will witnesses) until an unspecified time after the death of the testator-settlor.Massachusetts has broken new ground in allowing a will to be fully executed (signed by the will witnesses) after the death of the testator, with no time period specified. In the upcoming 2014 edition...
posted on 1 Aug 2013 | Group NewsInherent in a trustee's discretionary authority to make a distribution of trust property outright and free of trust to a permissible beneficiary of the trust may well be the authority to distribute...
posted on 1 Jul 2013 | Group NewsOld Doctrine Misunderstoof, New Doctrine Misconceived: Deconstructing the Newly-Minted Restatement (Third) of Property's Power of Appointment SectionsIn was in the course of preparing the 2013 edition of Loring and Rounds: A Trustee's Handbook that the authors of the Handbook came to realize that something was structurally and substantively amiss...