Estate Planning and Your Pet

  Posted on April 19, 2012  by Joy of Living  No comments

If you died unexpectedly, do you have a plan in place for care of your pets?

More pet owners are making provisions in their estate planning for their pet’s care.  Most states allow pet owners to establish a trust for their pet.  With a trust, property can be set aside for your pet’s care and a trustee named to manage the property.

A new owner for your pet can be named either in your will or irrevocable trust.  If you don’t name a new owner, most state laws give ownership to your next of kin.  In the will, you can also set aside funds to be given to the new owner for your pet’s care.

Have you planned for your pet’s care?

 

Info for this post from Whole Dog Journal, March 2012