Failure to follow Prudent Investor Rule costs executor $350,000

I sincerely hope that each and every one of you who is acting as an executor has heard of the Prudent Investor Rule. This is the rule that applies in almost every part of Canada to set the standard for how executors and trustees are supposed to look after estate investments.

The rule, which is found in the Trustee Act of most provinces and territories, simply says that when an executor or