What is a Colorado equine trust?

An equine trust, also known as a horse trust or horse protection trust, is a legal arrangement designed to provide for the care, well-being, and financial support of horses in the event of their owner’s incapacity or death. It is similar to a traditional trust but specifically tailored to address the needs of horses and other equines.

The primary purpose of an equine trust is to ensure the long-term care and welfare of horses, especially when their owners are no longer able to provide for them. The trust typically involves designating a trustee who will be responsible for managing the trust assets and making decisions regarding the care, veterinary treatment, boarding, and other essential aspects of the horse’s life.

Equine trusts are commonly used to address situations where the owner becomes incapacitated, passes away, or simply wants to make arrangements for the care of their horses beyond their own lifetime. By establishing an equine trust, the owner can provide clear instructions on how their horses should be cared for and allocate funds to cover the expenses associated with their maintenance.

The terms of an equine trust can vary depending on the owner’s preferences and the specific needs of the horses involved. It may include provisions for regular veterinary care, feeding, grooming, exercise, training, and any other necessary services. The trust may also allocate funds for the construction or maintenance of suitable facilities such as barns, pastures, or stables.

An equine trust offers peace of mind to horse owners by ensuring that their beloved animals are well-cared for even when they are no longer able to do so themselves. It provides a legal framework for preserving the welfare of horses and ensures that financial resources are available for their ongoing care.

It is important to consult with a seasoned attorney who has dealt with these issues extensively. Marc Patoile can be reached at 303-688-3045. He has litigated and helped clients with Colorado equine trusts for over 27 years.