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ARTICLE · 06 APRIL 2022

Alberta Introduces Legislation To Update Trust Laws

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Alberta has introduced legislation designed to make it easier to create and manage trusts while reducing the need to go to court.

CanadaFamily and Matrimonial

Alberta has introduced legislation designed to make it easier to create and manage trusts while reducing the need to go to court.

On March 29, the Government of Alberta tabled the new Trustee Act (the "Act"). If passed, the Act would reduce administrative burdens and increase the efficiency of trust management for individuals, charities and businesses, the province said in a release.

The Act would introduce a new duty of care provision for trustees, as well as a duty to report to beneficiaries and be responsive to beneficiary requests. It would also allow for temporary trustees when a trustee is absent or incapacitated, allow for the removal of unfit trustees, and provide a process by which trustees can resign.

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