 Generally,
a “pet trust” refers to an arrangement whereby a caretaker
is designated for a pet and funds are left to pay for the
pet's care.
If you do not wish to leave caretaking
funds to a caretaker, then the use of a trust is usually
not necessary.
Of course, an animal cannot
be a beneficiary of a traditional trust for a number of
reasons, not the least of which is the simple fact that
it cannot bring its own case to enforce the trust before
a court. Nonetheless, the term pet trust increasingly
appears in legal and non-legal literature without much
explanation. |
