Pet Trusts: Ensuring Your Pets Are Cared for After You’re Gone
For many of us, pets are cherished members of the family. However, when it comes to estate planning, pets are often overlooked. This blog will explore the concept of pet trusts and how they can ensure that your furry companions are well cared for after you're gone.
What is a Pet Trust?: A pet trust is a legal arrangement that provides for the care and maintenance of your pets in the event of your incapacity or death. It allows you to designate a caregiver and set aside funds for your pet's ongoing care, including veterinary expenses, food, and other necessities.
Benefits of a Pet Trust: Unlike simply willing your pet to someone in your will, a pet trust provides legally enforceable instructions for your pet's care and ensures that funds are available to meet their needs. Additionally, a pet trust can provide peace of mind, knowing that your beloved pet will be cared for according to your wishes.
Setting Up a Pet Trust: Establishing a pet trust involves selecting a trustee to manage the funds and a caregiver to provide day-to-day care for your pet. You'll also need to determine the amount of funds to set aside and provide detailed instructions for your pet's care.
By incorporating a pet trust into your estate plan, you can ensure that your beloved pets are well cared for and continue to receive the love and attention they deserve, even after you're no longer able to provide it yourself.
Start Your Planning Today!
Have furry friends you want to protect? Start by booking a Peace of Mind Planning Session. We can meet in person or via Zoom. You’ll share your concerns, and we’ll present your options and potential solutions. Then, if we decide we are a good fit to work together, we’ll take next steps. You can book your Peace of Mind Planning Session here: https://calendly.com/warner-law/peace-of-mind-planning
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*Estate planning rules change frequently and content in this article may no longer be up to date. This article is for informational purposes only and is not legal advice.
