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News & Events

A New Trustee Act for Alberta

• From 2009 to 2012 Phil Renaud, QC has participated in a working group on the Uniform Trustee Act for the Uniform Law Conference of Canada. The purpose of the Uniform Trustee Act is to provide a modernized statute that makes substantive reforms to both statutory and non-statutory rules of trust law. In August 2012 the ULCC approved the report and published the Uniform Trustee Act. The next step is for each of the provinces and territories to consider the adoption of the proposed legislation.

Phil continues to be involved in the reform of trust law through the STEP Canada, Trust & Estate Technical Committee which will be encouraging the adoption of this reform in all the provinces and territories of Canada.

Phil served on an expert Project Advisory Committee for the Alberta Law Reform Institute which studied the ULCC Uniform Trustee Act, which made recommendations on how this proposal might be implemented in Alberta. The Alberta Law Reform Institute issued its Final Report, "A New Trustee Act for Alberta" on February 28, 2017 which recommends that Alberta adopt the Uniform Trustee Act with appropriate changes to reflect Alberta law and practice. The Institute also recommended the abolition of the Rule Against Perpetuities in its Final Report, “Abolition of Perpetuities Law” issued in March 2017.

To read the full report, please click on the title "A New Trustee Act for Alberta."

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