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2006 SESSION
HB 906 Pet trust; created.
Introduced by: G. Glenn Oder | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Trust for care of animal. Amends the Uniform Trust Code to provide that trust assets can be used for burial or other postdeath expenditures of the pet if provided for in the trust instrument and more clearly defines the trustee's duties and rights. Also delineates that excess funds shall be distributed pursuant to the residuary clause of the settlor's will.
SUMMARY AS INTRODUCED:
Trust for care of animal. Amends the Uniform Trust Code to provide that trust assets can be used for burial or other postdeath expenditures of the pet if provided for in the trust instrument and more clearly defines the trustee's duties and rights. Also delineates who is to receive excess funds.