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EXECUTORS AND ADMINISTRATORS - Actions against - Personal liability - Duties

Tuesday, February 07, 2017 @ 11:30 AM  

Appeal by the executrix from a judgment finding her liable for breach of trust. Pursuant to her father’s will, she and the co-trustee were directed to set aside $100,000 in a trust fund for their brother. The co-trustee was to be the trustee to invest those funds and make monthly payments of $500 to the brother. The co-trustee opened a non-registered investment plan of $100,000 with London Life. On the application form, he described himself as the annuitant and the appellant as the contingent policy holder....