Rackemann Attorney Heidi A. Seely Co-Authors Book
Heidi A. Seely, a member of the firm’s Trusts and Estates Department, has co-authored a book with Thomas E. Bator of Nichols & Pratt, LLP. The Boston Trustee tells the story of a unique Boston institution – men and women who serve as individual professional trustees and are known universally as “Boston Trustees.” Begun in the early nineteenth century as a solution to a problem facing Boston’s closely interconnected social and cultural elite of how to pass massive new wealth in a predictable, safe, and prudent way, the practice remains alive and well, and is an important current option for families seeking professional trustee assistance. Boston Trustees have stood at the confluence of wealth and high society in the city for two hundred years. To understand the Boston Trustees is in large part to understand what makes Boston and the Boston Brahmins exceptional. The authors guide the reader to aid in understanding trusts and the role of the trustee with actual examples of trusts and trust language. The Boston Trustee is, in short, essential reading for anyone interested in understanding trusts, the evolution of Boston as a financial and regional hub, and the establishment of professional trustees in a city that, as one historian observed, not only knew how to make money, but also how to spend it.
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