What is the duty to account of a trust?
Saskatchewan, Canada
The following excerpt is from Tinline v Larente, 2013 SKQB 167 (CanLII):
This duty to account is an aspect of trust administration. As noted in Schmidt v. Rosewood Trust Limited, [2003] UKPC 26, [2003] 3 All E.R. 76, at para. 66, in the context of access to trust documents: Their Lordships have already indicated their view that a beneficiary’s right to seek disclosure of trust documents, although sometimes not inappropriately described as a proprietary right, is best approached as one aspect of the court’s inherent jurisdiction to supervise (and where appropriate intervene in) the administration of trusts. ...
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
When realty is given upon trust for sale and blended with personalty, and there is a trust to pay debts, funeral and testamentary expenses, are personalty or realty liable rateably? (Saskatchewan, Canada)
Is a lawyer’s trust account held by the bankrupt divisible among his creditors? (Saskatchewan, Canada)
Can a beneficiary who was an adult, of sound mind, and entitled to the whole beneficial interest in a trust, compel the trustee to transfer the trust property to him? (Saskatchewan, Canada)
Can a trustee or mortgagee advance his own money to preserve trust property to preserve the trust property? (Saskatchewan, Canada)
In what circumstances will a vendor's relation with the purchaser of an estate under a contract be considered to be that of a trustee and cestui que trust? (Saskatchewan, Canada)
What is the test for establishing a trust relationship? (Saskatchewan, Canada)
In what circumstances will a receiver and manager be appointed to a debtor's trust? (Saskatchewan, Canada)
What is the test for establishing that the trust of a legal estate, whether in one name or several, results to the man who advances the purchase-money? (Saskatchewan, Canada)
In what circumstances have accounts been admitted without objection? (Saskatchewan, Canada)
In what circumstances will an incomplete voluntary transfer constitute a declaration of trust? (Saskatchewan, Canada)
