Q: Can you set up a trust for a pet? A friend is trying to make sure his pets are taken care of.
A: Since 2011, Massachusetts has allowed for the recognition of pet trusts. Your friend will need to think of the appropriate caretaker for the pets but the pet trust can allow for financial funding of the pet's needs. As with any trust, your friend want to make sure it is integrated with his estate planning to make sure the trust is funded the way he intends it after he passes away.
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