Owner Guidelines In A Pet Trust

Posted on August 28, 2009 by Danny Meek

Most pet trusts have some type of guideline, directional or owner intention clause included.

It may or may not be effective as to the trustee, but is considered a declaration of the owner’s desire for their pets.
 

The following is an example of such a clause:


Without in any way limiting the discretion of my Trustee over distributions of income and principal from this trust, or the placement of my pets subject to this trust, I declare to my Trustee that the primary purpose of this trust is to provide a warm, caring and loving environment for my pets for the remainder of their lives, including good nutrition, and veterinarian care and attention. Preservation of principal is not as important as these objectives.

Discuss this important clause with your attorney when your prepare your pet trust.

It can be a valuable guide for your trustee.

 

 

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