Should the Trustee of Your Massachusetts Pet Trust Be Given a Limited Durable Power of Attorney?
Posted June 2, 2011on:
Consider what happens if you become disabled at some point, and funds will be needed to care appropriately for your pet. If you have a funded stand-alone revocable trust, the Trustee could step right in and provide for your pet financially.
If you do not have a funded trust, perhaps the Trustee should be given a limited Durable Power of Attorney to allow some of your funds during your lifetime to be spent on the care of your pet. By use of the Durable Power of Attorney, some of your funds could be moved into the Massachusetts Pet Trust upon your disability.
Posted by: Brian E. Barreira, Esq. / 18 Samoset Street, Plymouth, MA 02360 / 508-747-8282