Tuesday, January 1, 2008
Earlier on this blog, I reported on three dogs, Buckshot, Katie, and Obu-Jet, that are benefiting from the estate of their deceased owner, Ken Kemper, worth approximately $800,000 ($400,000 in cash and a house in Hagerstown, Maryland).
CNN has posted a great video of an interview with the dogs' caregiver, Roy Grady, which includes views of the house and the dogs. See Dogs live the high life, CNN.com, Jan. 1, 2008.
It is also interesting to note that, as Robert C. Young (Stewart, Plant & Blumenthal, LLC, Baltimore, Maryland) pointed out to me, Maryland is one of the few states that still does not have statutory pet trust legislation. Accordingly, I would assume Mr. Kemper used a "traditional pet trust" which may be used in all states.
For more information about pet trusts and related matters, see Estate Planning for Pet Owners.