§ 7-8.1 Trusts for pets
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Terms Used In New York Laws > Estates, Powers and Trusts > Article 7 > Part 8 - Honorary Trusts For Pets

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Grantor: The person who establishes a trust and places property into it.
  • Trustee: A person or institution holding and administering property in trust.