Transcription of FACT SHEET FOR PRIVATE COMMITTEES Your …
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FACT SHEET FOR PRIVATE COMMITTEES Your …
FACT SHEET FOR PRIVATE COMMITTEESYour investment DecisionsPrivate Committee ServicesPublic Guardian and Trustee#700 - 808 West Hastings StreetVancouver, BC V6C 3L3 Phone:604-660-1500 Fax:604-660-4456 a PRIVATE Committee who is managing the financial affairs of an adult who has been declared incapable , you will need to keep a reasonable amount of money in the adult s bank account totake care of routine needs. Any amount over and above that should be invested. The investmentsyou make must be reasonable and proper, given the circumstances of the person whose affairs youmanage. This fact SHEET will help you determine the approach to take when choosing theappropriate Investor RequirementThe Patients Property Act says that, for the purposes of investing, all COMMITTEES are trustees,under the Trustee Act. The Trustee Act establishes the standard of care for trustees. This standardof care is known as that of a prudent investor . Therefore, COMMITTEES are required to exercisethe care, skill, diligence, and judgment that a prudent investor would when making investmentdecisions.
FACT SHEET FOR PRIVATE COMMITTEES Your Investment Decisions Private Committee Services Public Guardian and Trustee #700 - 808 West Hastings Street
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