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A year after billionaire hotelier Leona Helmsley bequeathed $12 million to her dog, Trouble, thousands of California cats and canines may soon be in the money too — though perhaps not so deep — thanks to a measure signed Tuesday by Gov. Arnold Schwarzenegger.
The bill the governor signed into law provides for enforcement of “pet trusts” set up by animal owners to pay for continuing care for Spot and Mr. Whiskers after the owner’s demise.
Unlike most states, California law has treated pet trust funds as honorary and therefore the trusts are often unenforceable, said state Sen. Leland Yee (D-San Francisco), whose law will take effect Jan. 1.
“Pets are an important part of the American family,” Yee said Tuesday. “SB 685 will make pet trusts enforceable and assure that the wishes of pet owners are respected.”
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Tags: Animals, Arnold Schwarzenegger, California, Cats, Dogs, Leland Yee, Leona Helmsley, Pets, Trust funds, Trusts
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