Pet Trust

Pet trust is a trust established for the care and maintenance of a particular animal or group of animals. It can also be established to provide care for a pet after its owner dies. Such trusts stipulate that in the event of a grantor’s disability or death a trustee will hold property (cash) in trust for the benefit of the grantor’s pets. Generally speaking, pet trusts are invalid because animals are incapable of compelling a trustee to act, and animals have no standing in law. However pet trusts are statutorily recognized in some states in the U.S.

Category: Trusts