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US pets to inherit trust funds
Pet Insurance News
25 February 2006 US pets to inherit trust funds
Animals in the state of Maryland in the United States may soon be able to have large sums of money left to them through trusts. State senators passed a bill which would in essence grant animal beneficiaries the same legal status as human beneficiaries; disputed cases could only be overturned by a court ruling.
The impending legislation reflects the growing humanisation of pets, with owners increasingly providing for their animals with pet insurance, better health care and improved living conditions.
Although the bill has received the backing of numerous pet owners in the state, senator Alex Mooney described the bill as "silly".
"There are lots of ways to take care of your pets without passing this legislation," said Senator Mooney.
Despite opposition from a number of other senators the bill was passed with 33 affirmative votes in comparison to 13 against.
Under the legislation, owners would be able to leave as much money to their pets as they want and trustees would be legally bound to follow the wishes of the deceased.
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