AK - Trusts - § 13.12.907. Honorary trusts; trusts for pets
Summary: This Alaska statute provides that trusts for the continuing care of designated domestic animals are valid, provided they are a duration of 21 years or less. The trust terminates when a living animal is no longer covered by the trust. Any remaining trust funds do not go to the trustee, but rather transfer by the order stipulated in the statute.
This Alaska statute provides that trusts for the continuing care of designated domestic animals are valid, provided they are a duration of 21 years or less. The trust terminates when a living animal is no longer covered by the trust. Any remaining trust funds do not go to the trustee, but rather transfer by the order stipulated in the statute.