What Is A Declaration In a Pet Trust?

Posted on October 7, 2009 by Danny Meek

What is a declaration in a pet trust?

Tommy                                                                      Indianapolis, Indiana

Tommy, you are probably referring to the beginning statement that many pet owners place into the trust.

This statement is a personal declaration of the pet owner, as to the commitment and attitude toward their pets.

A partial example of one owner’s declaration is:

My pets and animals are important members of my family. During any period of time that I am incapacitated, the Pet Trustee, upon the guidance of the Pet Panel, shall provide as much of the principal and net income of my trust as is necessary for the care, health, maintenance, and support of my pets and animals. I direct the Pet Trustee to keep my pets and animals at my place of residence while I am incapacitated, if practical. However, if it is not practical for the Pet Trustee to keep my pets and animals at my place of residence while I am incapacitated, then the Pet Trustee shall take guidance from and comply with the Pet Profile and Pet Panel in placing the pets with the appropriate Pet Guardian.

A declaration is merely a personal guideline provided by the pet owner. It establishes the tone of the trust and the general desires of the owner.


 

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