Legal Question in Wills and Trusts in Texas
establishing a trust for pets
I am a financial planner. I have a client with no family, significant assets and wants to set up a trust for her pets in the event of her demise or inability to care for same. Is there any information you can provide me with that I can use to assist her is this process?
Asked on 3/31/06, 4:06 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: establishing a trust for pets
Animals canot be trust beneficiaries. She could name someone as the beneficiary with the understanding that they'll take care of the animals, but that's not enforceable.
I believe there's a program through Texas A&M where, for a donation (I think about $100,000), they'll take care of the animal for its natural life.
Answered on 3/31/06, 6:23 pm