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Pets Trusts: Fido With a Fortune?

Show simple item record Beyer, Gerry W. 2011-03-29T13:58:32Z 2011-03-29T13:58:32Z 2010-01-27
dc.description NYSBA Annual Meeting: Trusts and Estates Law Section
dc.description.abstract In “Pet Trusts: Fido With a Fortune?”, author Gerry Beyer examines the various methods of providing for your pets after your death. Professor Beyer begins by describing the historical methods used to provide for pets including: common law, the Uniform Probate Code, and the Uniform Trust Code. Next he explains a few short-term planning solutions that everyone with a pet should consider. Professor Beyer then looks at the traditional trust and how it can be modified and shape to allow a decedent to make provisions for his or her pets. He then discusses the “statutory” pet trust and the way that it differs from the traditional trust. Beyer also mentions three alternative methods to creating a trust: outright conditional gifts, outright gifts to a veterinarian or animal shelter, and a gift to a life care center. Finally, he reviews the possible tax consequences when setting up a trust.
dc.language.iso en_US en_US
dc.subject Pet trust en_US
dc.subject Animal trust en_US
dc.subject Gifts to pet en_US
dc.title Pets Trusts: Fido With a Fortune? en_US
dc.type Article en_US

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