PEI Modernizes its Trustee Act
In 2025, Prince Edward Island introduced a sweeping modernization of its trust legislation through Bill No. 5 –Trustee Act, replacing the longstanding Trustee Act (Chapter T-8). This new Act represents a significant expansion of legislated trust law, enhancing fiduciary standards, expanding trustee powers, and providing further protections for beneficiaries. Below, we highlight the key elements of the […]