Wednesday, December 19, 2007
Pets: Not Just Property
"Pets are no longer treated like any other piece of property. California has a law on the books under California Probate Code Section 15212 passed in 1991 which provides as follows:
A trust for the care of a designated domestic or pet animal may be performed by the trustee for the life of the animal, whether or not there is a beneficiary who can seek enforcement or termination of the trust and whether or not the terms of the trust contemplate a longer duration.
This California statute provides that you can create a trust for the care of a designated domestic or pet animal for the life of the animal. The duration will only be for the life of the pet, even if the trust instrument contemplates a longer duration."
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