RS 2263 - Trust for the care of an animal
A. A trust may be created to provide for the care of one or more animals that are in being and ascertainable on the date of the creation of the trust.
B. The trust instrument may designate a caregiver for each animal. An animal's caregiver will have the custody of the animal and be responsible for its care. If no caregiver is designated or if the designated or appointed caregiver is unable or unwilling to serve, the trustee shall appoint or act as the caregiver.
C. The trust instrument may designate a person to enforce the provisions of the trust. If no person is designated or if the designated person is unable or unwilling to serve, the settlor or any of his successors or a caregiver may enforce the trust.
D. Trust property may be used only for the care of each animal and for reasonable compensation and expenses of the trustee and the caregiver.
E. If the proper court determines that the value of the trust substantially exceeds the amount required to care for each animal and for reasonable compensation and expenses of the trustee and the caregiver, the court may terminate the trust as to the excess portion.
F. The trust shall terminate upon the death of the last surviving animal provided for in the trust instrument.
G. The trust instrument may designate a person to receive the property upon partial or complete termination of the trust. In the absence of a designation, the trust property shall be distributed upon termination to the settlor, if living, or to the settlor's successors.
H. A trust instrument that provides for the care of one or more animals shall be liberally construed to sustain its effectiveness and to fulfill the intent of the settlor.
I. Unless otherwise required by the trust instrument or the proper court, a trustee is not required to post security or provide an accounting.
J. In all matters for which no provision is made in this Section, a trust for the care of an animal shall be governed by the provisions of the Louisiana Trust Code.
Acts 2015, No. 219, §1.