Co Trustee Disclosure Obligations

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Summary

In Ontario, co-trustees are required to communicate and act in good faith. If a co-trustee refuses to disclose information, other trustees can seek legal action through the court. Courts can order trustees to disclose information, and refusal may lead to removal. Judges may order further investigation if they suspect non-disclosure. The Canada Revenue Agency (CRA) has strict privacy laws and generally requires a court order to release sensitive information. Legal action may be necessary to enforce disclosure obligations.

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In Ontario, if a co-trustee refuses to disclose information:
- Other trustees can seek legal action through the court.
- Courts can order trustees to disclose information.
- If the trustee refuses, they may be removed.
You may want to consult a legal professional for advice.
If the judge hears the case, she will have some hints that a disclaiming was done. How will the judge react
In Ontario, judges are bound to apply the law impartially. If a judge suspects that a co-trustee has not disclosed a disclaimer:
- The judge may order further investigation.
- If proven, the judge can order disclosure.
- The trustee's refusal may be seen as a breach of duty.
Can CRA release the disclaimer to the co-estate trustee
In Ontario, the Canada Revenue Agency (CRA) has strict privacy laws that generally prevent it from disclosing personal information:
- They only share information with authorized individuals.
- A court order may be required for CRA to release such sensitive information.
- You should consult a legal professional for detailed advice.
CRA will release a disclaimer disclaiming an inheritance by a beneficiary to an estate trustee. What not for a co-estate trustee?
In Ontario, the Canada Revenue Agency (CRA) follows strict privacy laws:
- Information may only be released to authorized individuals.
- For a co-estate trustee, a court order might be necessary.
- It's recommended to seek professional legal advice for your specific situation.
But likely the co-estate trustee will not wait for a court order to release information
In that case, it's crucial to understand your options. Are you considering legal action to enforce the obligation of the co-estate trustee to disclose this information?
yes
That's a significant step. Are you seeking legal representation for this matter, or do you need assistance finding a lawyer in Ontario who specializes in estate law?
no
I see. If you already have a lawyer or feel confident representing yourself, that's fine. Remember, it's crucial to keep all your documents and evidence organized. Good luck with your proceedings.