Pet Owners Could Leave Money to Their Animals Through Trusts
Bill that passed in the state Senate yesterday would allow pet owners to leave money to their animals through trusts. Essentially, the legislation would grant animal beneficiaries the same legal status as human beneficiaries.
Trusts granted to animals could only be overturned by a court ruling, relatively rare in estate cases.
It gives you a way to make sure that the four-legged and feathered members of your family are provided for when you’re not there to do it, says M L Smith, a pet owner who supported the bill.
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