Kurt F. Somerville

Managing Director and Chair of Trust Committee

  • 603-913-8022
  • 25 Pelham Road
  • Salem, NH 03079

Kurt F. Somerville

Managing Director and Chair of Trust Committee

  • 603-913-8022
  • 25 Pelham Road
  • Salem, NH 03079

Kurt F. Somerville serves as Managing Director and Senior Trust Officer of Hemenway Trust Company. He has more than 30 years of experience serving as a trustee and is responsible for investing and managing significant family assets. Kurt works with clients to develop long-term relationships, assisting clients with wealth management, and estate, financial, and tax planning. As a lawyer and trustee, Kurt advises high net worth clients on a variety of issues and concerns related to preserving, enhancing, and transferring family wealth.

Kurt also serves as the Managing Partner of Hemenway & Barnes LLP and as Chairman of the firm’s Management Committee. He is the former head of the firm's Trust Department and has an active practice serving as a professional fiduciary.

Representative Experience

  • Co-Trustee of Jane's Trust, a leading charitable trust in New England, and other charitable trusts and foundations
  • Co-Trustee of several private family trust complexes, with responsibility for preserving, enhancing and managing wealth for multiple generations of beneficiaries
  • Long-term manager of corporate trustee accounts, providing continuity and stability
  • Providing wealth advisory and investment management services, including stocks, bonds, Individual Retirement Accounts (IRAs), private equity, real estate and alternative investments
  • Planning for the ownership, management and succession of family vacation properties, including preparation of various trusts, family limited partnerships and limited liability companies, qualified personal residence trusts (QPRT's), and conservation easements
  • Co-Trustee of a trust owning islands and an Adirondack camp in upstate New York
  • Counsel for numerous family groups, with responsibility for creating and managing comprehensive estate plans for multiple generations
  • Representation of estate planning clients with unusual assets, including closely held businesses, foreign real estate, and general partner interests in venture capital and private equity partnerships

Accolades

  • Named to Best Lawyers in America list
  • Named to the Massachusetts Super Lawyers list, 2007-2018

Activities and Publications

Kurt has participated as a faculty member and written course materials for Massachusetts Continuing Legal Education, the American Law Institute, the American Bar Association, the National Business Institute, the Boston Estate Planning Council, and Homeowner Options for Massachusetts Elders. His recent publications include:

  • Co-author of "Trustee Appointment and Succession," Chapter 3 in Understanding and Using Trusts (MCLE, 2016 supplement)
  • Co-author of "Dispositive Provisions," Chapter 4 in Drafting Irrevocable Trusts in Massachusetts (MCLE,2nd ed. 2016)

Community Involvement

  • Former Olympic and national team oarsman
  • Founder and Trustee, Community Rowing, Inc. (CRI), the country's largest public access rowing program
  • Founder and Director, CRASH-B Sprints World Indoor Rowing Championships. Served as President for 15 years
  • Director, Cambridge Boat Club and Chair of the Investment Committee
  • Steward, Friends of Dartmouth Rowing
  • Long-time Trustee and committee member, Noble and Greenough School, Dedham, MA
  • Trustee, Boys and Girls Clubs of Boston
  • Member, Fuller Brook Park Committee, Wellesley, MA
  • Trustee, Member of Development and Governance Committees, Tenacre Country Day School
  • Director, Treasurer and Clerk, Albert N. Parlin House, Inc., Everett, MA, a non-profit rooming house for "worthy young men"

Kurt Somerville’s Comments on Serving Clients

“One of the great satisfactions of my work with Hemenway Trust Company is the ability to know and understand the broad range of motivations and priorities in the lives of my clients. We tailor our services to best meet those needs – often for a complex array of multiple generations. Seeing these plans come to fruition, sometimes years or even decades later, provides tremendous gratification.”

www.hemtrust.com

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