Just the same as your “human loved ones,” you want to make sure your pet is cared for after your passing. Rather than hope that someone steps in, give yourself peace of mind by creating a pet trust.
With this, you can be rest assured that your pet receives the appropriate care and attention, based on your wishes.
In addition to peace of mind, here are some other things a pet trust can do:
- Specify care: Does your pet eat a particular type of food? Does it follow a specific exercise schedule? Does it have any special health needs? These are the types of questions you can address in a pet trust.
- Name a person to care for your pet: You don’t want just anyone caring for your pet when you’re gone. You want to know that the person who steps in is trustworthy and able to care for your pet in the same manner as you. Carefully consider all your options so you can make a confident decision.
- Leave funds to care for your pet: You don’t want to put the financial burden on the person who is caring for your pet after your passing. You want to leave enough money behind to ensure that your pet is taken care in the appropriate manner.
Pet planning is more common today than ever before. And for many people, this starts and ends with a pet trust.
As your pet’s needs change, you can alter your trust accordingly. And of course, should your pet pass on before you, your trust will dissolve.
If you have questions about pet planning or creating a pet trust, contact our law firm for professional guidance and advice. We’ll help you take the steps necessary to ensure that your pet is always cared for — even if you’re unable to do so.
- How Estate Planning for a Family May Trap the Unwary Practitioner - August 31, 2022
- State Income Taxation of Social Security Benefits - August 24, 2022
- Understanding Tax Apportionment Clauses - August 17, 2022