I recently read an article about how local towns are receiving money based on the number of “nips” (about 1.5 ounces) that are sold in the town. I think many of us have been dismayed at the number of nip bottles we find strewn around our streets, but I was amazed to read recently that in Groton in a six month period earlier this year, approximately 860,000 nips were sold… that is nearly 5,000 nips sold A DAY. Groton receives a nickel for each bottle, as I recall. Some towns had much fewer nip sales, and some much more.
The ”good news” touted by the article was the towns could use (maybe are required to use?) the proceeds somehow related to the environment. I read one town used the money to help buy a street sweeper. Maybe better news would be these nips were not available at all. I’m no expert, but I have some suspicions about where and when the nips are consumed, and from being on some clean up details around local roads, lots of them are apparently consumed in cars and tossed out windows.
Some years ago Connecticut adopted laws that allow a person to create a trust at their death to care for their pets. A positive development. That said, any trust, including a pet trust, is a rather complex thing, and to make sense a very substantial sum needs to be deposited into the trust at one’s death. That said, there are other ways to provide for the care and welfare of one’s pets at one’s death, although that admittedly that do not have the robust checks and balances found in a pet trust. Upon one’s death, one’s Will can provide that one’s pets are to be given to a certain person (or with their agreement a non profit agency devoted to caring for pets) and in addition some appropriate sum of money so the recipient / care giver has funds with which to care for the pet in question. We think this is worth some thought when you are putting your Will or other estate plan together.
Our best wishes to you in this holiday season.
Feel free to contact us at any time. And please remember the articles found in this newsletter are intended for general information and background only, and are not intended as legal advice for any purpose.