NewsMarch 22, 2004
Illinois allows trust funds for pets
SPRINGFIELD, Ill. -- A new law signed by Gov. Rod Blagojevich allows Illinois pet owners to establish binding trusts for their nonhuman loved ones in their wills. The new law was signed Friday and goes into effect Jan. 1. Under its provisions, pet owners can set up trusts to designate caretakers for their animals, put aside money for their care and direct how that money should be spent...
The Associated Press
SPRINGFIELD, Ill. -- A new law signed by Gov. Rod Blagojevich allows Illinois pet owners to establish binding trusts for their nonhuman loved ones in their wills.
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The new law was signed Friday and goes into effect Jan. 1. Under its provisions, pet owners can set up trusts to designate caretakers for their animals, put aside money for their care and direct how that money should be spent.
Illinois is the 20th state to allow such trusts.
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