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Q.How long can a Pet Trust Last?
A.Pursuant to the rules against perpetuities, a trust becomes invalid 21 years after the death of the person that set up the trust. This can be problematic when seeking to provide for the care of long-lived pets, such as horses and birds. Many states, however, are changing their rules against perpetuities, either doing away with them or making pet trusts an exception.
To find out whether your state allows pet trusts to be established and enforced, contact your state's attorney general or the local chapter of the Humane Society of the United States.
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