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A new law in Ohio took effect recently that lets owners set up trust funds for their pets, meaning their furry friends will be taken care of in the event of owners' illness, incapacitation, or death.

A new law in Ohio took effect recently that lets owners set up trust funds for their pets, meaning their furry friends will be taken care of in the event of owners' illness, incapacitation, or death. Owners will specify who's going to manage the money and appoint a caregiver to look after the pet.

The Humane Society says it plans to create an online tool on its Web site for pet owners to figure out how much they need to set aside in the fund for food and medical care for a particular kind of pet.

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