Validating life in rule against perpetuities google updating cached pages

Summary: (From article) This article chronicles the evolution of enforcing after-death gifts for the benefit of pet animals. Part III details the wide variety of approaches adopted by United States courts, legislatures, and commentators. These approaches treat after-death gifts for pets in three basic categories: (1) invalid; (2) tolerated, but not enforceable; and (3) valid and enforceable. (explaining that without factoring in interest, the money would last three years and 238 days and that even assuming a 6% interest rate on the unused balance, the money would run out after four years and 57 days). After establishing the current milieu in which a pet owner must function, Part IV recommends the steps an owner may take to maximize the chances of the pet receiving the desired care after the owner's death. Introduction Pet animals play an extremely significant role in the lives of many individuals.

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[FN4] Research indicates that pet ownership positively impacts the owner's life by lowering blood pressure, reducing stress and depression, lowering the risk of heart disease, shortening the recovery time after a hospitalization, and improving concentration and mental attitude.

[FN5] Over two-thirds of pet owners treat their animals as members of their families.

[FN6] Twenty percent of Americans have even altered their romantic relationships over pet disputes.

[FN7] Pet owners are extremely devoted to their animal companions with 80% bragging about their pets to others, 79% allowing their pets to sleep in bed with them, 37% carrying pictures of their pets in their wallets, and 31% taking time off from work to be with their sick pets.

[FN8] According to one popular newspaper, during the December 1999 holiday season, the average pet owner spent $95 on gifts for their pets.

Last modified 27-Apr-2016 08:04