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Is a Pet Trust Part of Your Estate Plan?

A "pet trust" is a legal arrangement under which funds are set aside for a pet's care and designates a trustee to fulfill the owner's wishes. These trusts have become very popular among rich clients, typically without children. Actress Caryn Rosenthal, a New Yorker who takes frequent...

Trustees Give Cat a New Lease on One of Her Nine Lives

When Georgia Lee Dvorak died on Christmas Eve at age 74, she left behind no family, just a beloved black cat named Boots. But her owner's death was just the beginning of bad news for Boots. According to Dvorak'sWill, any cats she owned at the time of her death were to be euthanized. Despite...

The New Massachusetts Pet Trust | Ensuring Your Animals are Cared for Part 1

The Commonwealth of Massachusetts has been very busy over the past few years overhauling much of its probate code to reflect modern family circumstances. With respect to traditional estate planning, for example, the code changes Massachusetts estate distribution to ensure that all children in mixed marriage...