We are not providing any legal advice. For general information purposes only, a Pet Trust is a legal instrument designed to provide financial resources for the benefit of one or more pets. Pet trusts can be traditional pet trusts where there is a human beneficiary charged with the responsibility of providing care for a pet. A traditional pet trust is valid in all 50 states and the District of Columbia. Statutory pet trusts are authorized by state statue where the beneficiary of the trust is a pet, rather than a person. Generally a pet guardian, trustee and trust protector would be appointed to provide care for the pets, manage the trust assets and enforce the trust provisions. Statutory pet trusts are now valid in 50 states and the District of Columbia.
Modified on: Mon, Sep 19, 2016 at 10:39 AM
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