Trust for care of animal
Sec. 18. (a) A trust may be created to provide for the care of an
animal alive during the settlor's lifetime.
(b) A trust authorized by this section terminates as follows:
(1) If the trust is created to provide for the care of one (1)
animal alive during the settlor's lifetime, the trust terminates on
the death of the animal.
(2) If the trust is created to provide for the care of more than
one (1) animal alive during the settlor's lifetime, the trust
terminates on the death of the last surviving animal.
(c) A trust authorized by this section may be enforced by the
following:
(1) A person appointed in the terms of the trust.
(2) A person appointed by the court, if the terms of the trust do
not appoint a person.
(d) A person having an interest in the welfare of an animal for
whose care a trust is established may request the court to:
(1) appoint a person to enforce the trust; or
(2) remove a person appointed to enforce the trust.
(e) Property of a trust authorized by this section may be applied
only to the trust's intended use, except to the extent the court
determines that the value of the trust property exceeds the amount
required for the trust's intended use.
(f) Except as provided in the terms of the trust, property not
required for the trust's intended use must be distributed to the
following:
(1) The settlor, if the settlor is living.
(2) The settlor's successors in interest, if the settlor is deceased.
As added by P.L.238-2005, SEC.26.
Last modified: May 27, 2006