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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.
October 1996
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Content last reviewed 20:31, 16 October 2008.