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The Trustee is responsible for managing the trust funds and ensuring that they are used for the care and maintenance of the pet.
The Caretaker Beneficiary is designated to provide care for the pet and must meet specific conditions to receive distributions from the trust.
The Trustee can distribute funds for various expenses related to the pet's health, including food, veterinary care, and recreational activities.
The trust may terminate upon certain conditions such as the death of the pet or if the trust assets fall below a specified value.
The Trustee or Caretaker Beneficiary can authorize euthanasia of the pet based on a veterinary professional's opinion without needing court intervention.
Beneficiaries' interests in the trust are protected from creditors and cannot be transferred or encumbered.
The trust is governed by the laws of a specified state, which will determine its validity and administration.
