From ANIMAL PEOPLE, December 2005:
PerPETual Care:
Who will look after your pets if you’re not around?
by Lisa Rogak
Litterature (212 Kinsman Rd., Grafton, NH 03240), 2003.
192 pages, paperback. $15.00.
All My Children Wear Fur Coats:
How to leave a legacy for your pet
by Peggy R. Hoyt, J.D., MBA
Legacy Planning Partners, LLC (251 Plaza Dr., Suite B, Oviedo, FL
32765), 2002. 182 pages, paperback, $19.95.
The importance of careful estate planning, especially when
the goal is to benefit animals, was underscored on December 2, 2005
when Circuit Judge Steven H. Goldman of St. Louis County, Missouri
permanently removed attorney Eric Taylor as a trustee of the Olive
Dempsey Charitable Trust.
Judge Goldman ordered Taylor to repay to the trust $266,213
in fees and expenses collected while serving as co-trustee with
accountant James Richardson.
Dempsey, a retired telephone company employee, hired Taylor
and Richardson to form the trust in 1998. At her death in December
2000 the trust had assets of about $2 million. During the next three
years, according to IRS Form 990, Taylor collected at least
$221,929 in administrative fees. Richardson, who resigned
co-trusteeship earlier, collected $159,103.
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