What it means to be an effective trustee - Our key responsibilities

Today, Randy Gunn, BULLWEALTH’s VP & Portfolio Manager, sits down with Corina Weigl, Partner and Co-Lead of Fasken’s Private Client Service Group, to delve into the evolving world of trusts and the critical responsibilities trustees hold. With the fiduciary environment becoming more complex, the role of a trustee has never been more important—or more demanding. While our last podcast explored the various types of trusts and the opportunities they present for families, today’s discussion focuses to what it truly means to be a trustee. Corina outlines the key duties trustees are expected to fulfill, the qualities that define an effective trustee, and the best practices that can help trustees meet their legal and ethical obligations to beneficiaries. As trusts become a more common planning tool among Canadian families—and with many of our clients having a trust—this episode is especially relevant. Randy and Corina’s conversation is both thoughtful and insightful, offering practical guidance for those navigating the responsibilities and challenges of trust and estate planning.