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Archive for the ‘Pet Trusts’ tag

Italian Cat Inherits 10 Million Euros — Could an American Cat?

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Italian newspaper Il Messaggero reports that a cat in Rome has inherited about 10 million euros. That’s some cat heir! But wait. This can’t be right, can it? Can animals really inherit money in Italy? What about in America?   Pets definitely can’t inherit anything in the United States as animals are considered property and […]

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Written by Michelle Fabio

December 15th, 2011 at 11:06 am

Oklahoma Adds Pet Trusts

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Pet trust update: A House Bill allowing pet owners to create pet care trusts of up to $20,000 has been signed by Oklahoma’s governor. Details from NewsOK.com: AT STAKE: House Bill 1641 lets pet owners create trusts to pay for the care of their pets after the owners’ deaths. It limits a pet trust to […]

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Written by Carrie Yutzy

May 12th, 2010 at 2:37 pm

New NY Law Expands Pet Trusts

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Has the New York State Legislature gone to the dogs? Nah, we think they’ve just heard that it’s National Make-A-Will Month. What’s all this barking about? Well, New York has recently passed a law allowing pet trusts—which provide money for pet care after an owner’s death—to last for longer than 21 years, the previous time […]

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Written by Michelle Fabio

May 10th, 2010 at 10:29 am