Trust for Pets

Koldin Law Center E-Mail Newsletter
July 20, 2006

New York State enacted legislation in 1996 which permits you to provide for your pets after your death. Under this law, you can set aside funds to be held in a Trust to maintain the health, welfare and comfort of your pets.

Before the enactment of this law, if you wanted to provide for your pets, you had to make gifts to someone with an unenforceable request that he/she provide for your pets.

Under this Pet Trust law, you decide the amount of funds you want to set aside and designate someone (Trustee) to manage the funds and provide for your pets pursuant to the requirements you set forth in the Trust. The Trustee cannot use the funds for any purpose other than to care for your pets.

The Trust must end on the earlier of the death of your pets or within twenty-one years after the date of your death. You designate under the terms of the Trust who inherits the remaining balance of your Pet Trust at the time of termination.

A Pet Trust can be written as part of your Last Will and Testament or as part of the beneficiary provisions of your own Revocable or Irrevocable Living Trust.

The Koldin Law Center is available to meet with you to discuss your options. There is no fee for the initial consultation.

We Appreciate Your Referrals

We have been told by many clients who are in a crisis that they wish they had known about our firm much sooner. We are proud of the many families we have helped in times of crisis.

We are also proud of the many families we helped avoid financial crisis by doing estate planning in advance.

We all share the responsibility for making our family and friends aware of the planning options available to them.

Your referral to the Koldin Law Center could make a major difference in the lives of your family and friends if they are someday faced with a long term illness.

Remember that the Koldin Law Center offers many services for clients of all ages. Our services range from basic estate planning such as a simple will to complex estate planning including asset preservation planning.

There is no fee for the initial consultation.