No Longer a Doggy Dog World for Pet Trusts: Pet Trusts No Longer Subject RAP in New York

by Joshua on June 8, 2010

For those worried that your New York pet trust may be invalid because of the Rule Against Perpetuities (RAP), have no fear — New York has eliminated RAP and provided that pet trusts terminate when the living animal beneficiary or beneficiaries of the trust are no longer alive.

See 2010 Sess. Law News of N.Y. Ch. 70 (effective May 5, 2010).

Wills, Trusts & Estates Prof Blog

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