What
does the Act mean by "take control"?
The
Act does give the trustee a lot of power. It says that as trustee
you may, among other things,
-
grant or accept leases of real or personal property for up to
three years;
- invest
money in investments and deposit money in deposits authorized
according to the Trustee Act (another provincial statute);
- perform
contracts entered into by the dependent adult;
- draw,
accept and endorse promissory notes, bills of exchange, bonds,
debentures, coupons and other negotiable instruments;
- sell
or dispose of personal property (with certain limitations as to
value);
- start,
compromise or settle a claim or court action that relates to the
estate of the dependent adult.
WARNING:
The contents of these FAQs are intended as general legal information
only.
If
you have a personal problem, please consult a lawyer.
October
1996 |