6/24/11

Massachusetts Law Makes Way for Pet Trusts

The Massachusetts Pet Trust Bill signed into law early this year by Governor Deval Patrick provides legal means for pet owners to establish a pet trust and set aside funds for their animals, along with specific instructions for care, exercise and diet. The law is now available online at this link. Writes Somerville estate planning attorney Michelle Mulvena,
"In the past, pet owners had little say over how their animals were to be cared for upon their death. Many had chosen to designate money and appoint an individual in their wills for pet care, but there was no real legal obligation to carry out their wishes – until now." 
Mulvena also writes, that "pet owners can [now] designate a caregiver as well as appoint a trustee, who will ensure that all directions are carried out accordingly.  If the terms of the trust are not met the Trustee will be held accountable, possibly even removed and replaced."

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