Honorary Trust
In addition to benefiting humans and entities, trusts can also benefit animals and some inanimate object, e.g. graves. For example, a settlor can create a trust to benefit his/her pet to help ensure that the pet will be taken care of if the settlor becomes incapacitated or dies during the life of the pet. Moreover, upon the death of the pet, any assets or funds held in trust will be distributed per instructions in the trust.
This brief overview of some important considerations associated with honorary trusts is by no means comprehensive. Always seek the advice of a competent professional when making important financial and legal decisions.