The rich don’t always like being subject to the same rules as everyone else when it comes to money. They prefer to be the exception to the rules. Or, better yet, to write the rules. The story of coverture confirms this. Elite women with trusts were exempt from coverture’s economic strictures, because family wealth preservation required it. Nevertheless, and here’s the good part, the trust form these women benefitted from – the separate estate – provided the template for writing new rules that ultimately expanded property rights for all women … (more)
[Allison Tait, Inheriting Inequality, 13 May 2026]
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