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Trustee Investment Powers, Final Report 80

If the instrument that creates a trust does not expressly define the trustee’s powers, section 5 of the Trustee Act defines them. Known as the “legal list”, section 5 states which type of investments a trustee may purchase. The list of permitted investments aims to minimize risk. Many Commonwealth jurisdictions are replacing the legal list concept with the prudent investor approach, and a description of this evolution is included in Chapter 2. The prudent investor method encourages […]

AREA OF LAW Wills and Succession
TAGS , , , , , , ,
FORMAT Publications
FILE fr080.pdf

February 29, 2000