Feed on
Posts
Comments

CT law now allows a person to create a testamentary or lifetime trust for the benefit of pets.  The Trust must terminate when the last surviving animal dies.  A Trustee is appointed to manage the property for the benefit of the animal and a Trust Protector is appointed to act on the animal’s behalf.  The Trustee must account on an annual basis to the Trust Protector and the Trust Protector can petition the Court to force the trustee to honor the terms of the Trust or to replace or remove the Trustee.  There are also provisions to reduce amounts held in trust if they are excessively funded.  Effective October 2009

Leave a Reply

You must be logged in to post a comment.

Back to Top