Administrative Provisions (Sample) (BC)

Summary

This precedent sets out a trustee's administrative powers for an inter vivos trust. It includes practical guidance and drafting notes. The administrative powers of trustees conferred by statutory law in British Columbia are in many respects unsatisfactory. The challenge in drafting administrative provisions is to give maximum flexibility to the trustee without including "everything but the kitchen sink". The aim of the administrative provisions in this precedent is to give maximum flexibility to the trustee without being overly general. It is hard to predict exactly what powers trustees will need because trustees in different circumstances need different powers. Moreover, trusts designed to hold investments, a residence or shares in a family company each have different requirements. For more information on trusts, see the practice notes: Trusts: Preliminary Matters (BC), Settlors' Reservation of Powers (BC), Taxation of Trusts (BC), and Common Types of Trusts (BC). For a list of powers...