Making trust legislation work for Albertans

New legislation would make it more efficient to create and manage trusts, and reduce the need to go to court.

If passed, the new Trustee Act would replace existing legislation and improve the management of trusts by setting clear provisions to support improved day-to-day function of all trusts for Albertans, such as charities, businesses and people with trusts in wills.

New provisions, like clarifying trustees’ duties and their accountability, would also improve the administration of trusts and increase protection for beneficiaries.

Additional provisions would result in trustees and beneficiaries not needing to make applications in court in some situations. This would result in cost savings for Albertans and free up the court’s time and resources.

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