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Alberta > Dependent Adults Act > Trustees:

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
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