Willing money to your pet just got easier
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If you want to follow in the footsteps of the late hotel magnate Leona Helmsley and leave your fortune to your dog, you may have caught a break, thanks to California’s state Legislature.
Today, Gov. Arnold Schwarzenegger made it easier for Californians to include their pets in their wills, the Times’ Patrick McGreevy tells us:
Unlike most states, California law has treated ‘pet trust funds’ as honorary and therefore the trusts are often unenforceable, according to State Sen. Leland Yee (D-San Francisco), who authored a bill signed Tuesday by the governor. “Pets are an important part of the American family,” Yee said. “SB 685 will make pet trusts enforceable and assure that the wishes of pet owners are respected.”