Do you have pets? Many people in the United States have turned to pets for comfort and companionship in recent years. But what if you became unable to care for them?
A good way to ensure your pet is well cared for if something happens to you is to create a Pet Trust. A Pet Trust is a legal document allowing pet owners who are incapacitated or deceased to dictate care for their pet for the rest of the pet’s life. The Trust can provide for general and specific care for your pets and ensure their well-being.
Once the Pet Trust is established, you can contribute to the Trust with a one-time payment or set up regular contributions. A trustee of your choice will then manage the Trust and ensure your pet is cared for according to your wishes.
A Pet Trust is a legal document, and consulting with an attorney who is knowledgeable about estate planning and Pet Trusts is important. The attorney can help ensure that the Trust is set up properly and that all legal requirements are met.
Very often, a Pet Trust is combined with a Last Will and Testament or Living Trust that manages your estate plan, too. Contacting an estate planning attorney to learn how to give your pet the best life possible if you are no longer able to care for them would be a gift beyond measure to your beloved pet.