New Massachusetts Law Allows Trusts to Be Established to Take Care of Pets
Effective April 7, 2011, there is a new law in Massachusetts that allows a person to set up a trust for the benefit of a pet. In the past, pet owners were limited under Massachusetts law to leaving funds to a person and hoping those funds would be used to take care of the pet as a moral obligation, but not a legal one. Under this new law, a trust can be set up with the pet as beneficiary, with the toughest legal issue appearing to be how to protect the trust from being attacked from disgruntled heirs on the grounds of excessive funding.
I have established a blog to deal solely with Massachusetts pet trust issues. You can find it at http://pettrust.info There are already several posts there about the basic components of an effective Massachusetts Pet Trust, including appointing Trustees, Caretakers (sometimes referred to by others as guardians or caregivers) and Monitors (sometimes referred to by others as pet panels), as well as other basic issues to consider.