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August 29, 2007


Arthur Stein

I think Trouble is cute. Wish I had a dog as cute as he....


Of course, the dog does not really inherit any money. A so-called "honorary trust" is merely a temporary diversion of estate funds -- for the life of the animal or 21 years, whichever is shorter -- after which the money reverts back to the estate.

The probate judge, meanwhile, has broad discretion to declare the honorary trust to be "overfunded" and order it reduced.

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