Because the law considers pets personal property and not human beings, pets cannot own property, and a pet owner cannot leave money or assets to a pet in a will or a trust. But a pet owner can provide for the care and well-being of a pet or pets in a traditional trust or in a statutory pet trust (authorized under a state’s statutes).
For example, the pet owner (known as the grantor, settlor, or trustor) will create a trust for a named pet or pets (the beneficiary or beneficiaries of the trust), place money or income-producing assets in the trust and name a trustee to manage and administer the trust for the benefit of the pet or pets, as provided in the trust agreement.
For a brief summary of each state’s pet trust laws and the state statutes where you can find them, copy and paste this URL in your internet browser: https://www.aspca.org/pet-care/pet-planning/pet-trust-laws
In Louisiana, pet owners can create a trust to ensure the care and well-being of their pets after the owner's death or incapacitation. While pets are legally considered personal property and cannot directly inherit assets, Louisiana law allows for the creation of a pet trust. This legal arrangement lets the pet owner (grantor) set aside funds and designate a trustee to manage and use those funds for the benefit of the pet(s). The trust can specify how the pet should be cared for, including the type of care, the standard of living, and even the preferred veterinarian. The Louisiana pet trust law is found in the Louisiana Revised Statutes, specifically under RS 9:2263. This statute outlines the requirements and provisions for creating a valid pet trust in the state, ensuring that pets are properly cared for according to the owner's wishes.