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From 9 March 2003 Issue

Plan For Fluffy's Future
From Legislative Legal Tracks

leginfo@ddal.org 

The Charitable Remainder Pet Trust Bill was introduced in the last Congress by Representative Earl Blumenauer (D-OR). This bill would require the federal government to recognize the validity of pet trusts, a trust to provide funds for the care of a companion animal in the event of the death of his/her human guardian. The federal tax code does not currently recognize pets as legitimate beneficiaries of a trust because pets are considered "property." Passage of this bill will elevate the status of companion animals so they are able to be named a beneficiary of a trust, and allow persons to benefit from the federal tax break associated with the creation of such a trust.

Action: Contact your Representative and Senators and encourage them to support the Pet Trust Bill when it is reintroduced. Tell them you want to see the Pet Trust Bill become law so that you can plan for the future of your entire family, including your companion animals. Send an Action Letter here: www.cw2k.capweb.net/ddal/letterstate.cfm 

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