What would happen to your pets if something were to happen to you? Regardless of whether your pet is a dog, cat, snake, rabbit, horse, bird or some other animal, pets are considered personal property in the eyes of the law, even if you consider them to be a part of the family. Therefore, pets will go through the time consuming probate process if they are not a part of your estate plan.
Each year, over 5 million pets end up in animal shelters as a result of the death of their owner. Even when pet owners do plan for their pets, many do not plan properly. We often assume that the person we are leaving our pets to will care for them and love them just as much as we do, but without the proper instructions, inheriting a pet can sometimes feel like more of a burden than a blessing to the new owner.
A pet trust ensures that your pets will be cared for by the people that you wish to care for them and can even include specific instructions on how to care for them and facilitate a smooth transition to your pet’s new home. Creating a trust that best suits your pet’s needs will take several factors into consideration including the age of your pet, insurance costs, the costs of grooming, veterinary costs and even the lifespan and lifestyle your pet currently has. Ask us how we can help you create and fund your pet trust.
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