From Legislative Legal Tracks
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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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