Agenda - June 17th, 2021

   9:00

Welcome and Introduction by PBLI

   9:05

Chair's Welcome and Introduction

 

Jessica Y. Lo

Solus Trust Company Limited

 

   9:10

Drafting Fundamentals: Beyond the Appointment

 

Alison Oxtoby

Balmains Law Corporation

 

  • Proactive drafting practices for the creation and execution of the role of trustee

    - Trustee appointment, resignation and replacement
    - Multiple trustees
    - Exercise of authority and discretion
    - Trust amendment powers
    - Trustee powers

 

   9:55 

Questions and Discussion

  10:05

The Duties of the Trustee

 

Aaron Pearl

Clark Wilson LLP

 

  • A deeper understanding of the Trustee's Duties:
    - To comply with the terms of the trust, act personally, act with an even hand and communicate to beneficiaries
    - Duty of Loyalty
    - Duty of Care

 

 10:50

Questions and Discussion

 11:00

Morning Break

 11:15

Practical Considerations: Distributions of Trust Property

 

John Blackmer

Solus Trust Company Limited

 

Rose Shawlee

Harper Grey LLP

 

  • Practical approaches to handling trust distributions and protecting trustees from liability
  • Discretionary and Non-Discretionary distributions
  • Handling beneficiary requests and considering beneficiaries with special circumstances
  • Best practices for record keeping and preparing for passing accounts

 

  12:05

Questions and Discussion

  12:15

Lunch Break

   1:15

Trustee Liability: Lessons form a Litigator

 

Helen H. Low, Q.C.

Fasken Martineau DuMoulin LLP

 

  • Common pitfalls and errors made by trustees
  • Practical advice to trustees regarding fulfilling their obligations avoiding conflict and litigation, and protecting themselves from personal liability

 

   2:05

Questions and Discussion

   2:15

Afternoon Break

   2:30

Tax Events Arising Throughout the Trust's Life Cycle

 

Sheryne Mecklai

Manning Elliott LLP

 

Andrea Armitage

Manning Elliott LLP

 

  • From settlement to windup, understanding tax events arising at key events throughout the life cycle of a trust

 

   3:15

Questions and Discussion

   3:25

Troubleshooting the Trust
 

Sandra L. Enticknap, Q.C.

Miller Thomson LLP

 

Jessica Y. Lo

Solus Trust Company Limited

 

  • Practical strategies to troubleshoot issues that can arise during the administration of a trust
  • Addressing transitions, unforeseen changes of circumstances and issues in trust deed drafting

 

   4:20 Questions and Discussion
   4:30 Chair's Closing Remarks
   4:35 Chairs' Closing Remarks - Forum Concludes