07 June 2023 Issue 4 Harmanjit Mavi TEP

Innovation in Alberta

Harmanjit Mavi discusses key changes brought into effect by the province’s new trust legislation

Key points

What is the issue?

Alberta’s new trustee legislation makes significant changes to trust law in the province..

What does it mean for me?

Trustees of trusts governed by Alberta law will need to be educated on their expanded powers and duties, notably with respect to reporting to beneficiaries. Alberta trusts may also require amendment to ensure efficient administration.

What can I take away? 

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