Last week, we discussed how Massachusetts residents who care deeply about their pets can create trusts that provide for their furry friends in case they are no longer able to do so themselves.
Many people in Massachusetts have pets such as dogs or cats that they consider family members. Although our furry friends don't have life expectancies as long as we would like, it is possible to be outlived by a pet.
In the state of Massachusetts, trust planning can provide an individual with the freedom to allot their resources to reflect specific interests and objectives. Some individuals choose to establish a charitable trust because of a desire to financially contribute to a cause or organization that is particularly meaningful to them.