Your Pets Should Always Be Included in Your Estate Planning

It’s common to think about how the assets you have accumulated over the course of your life need to be protected with the purpose of putting together an estate plan. Consulting with a dedicated estate planning lawyer can help you accomplish this goal and give you a broad overview of the different people and organizations in your life for you may wish to receive these assets when you pass away. However, it is equally important to contemplate how you plan to include your pets as well.ThinkstockPhotos-532262202

Not thinking carefully about how your pets should be included in your estate plan can have catastrophic consequences. Being able to allow somebody else to step in and begin taking care of your pets immediately after you pass away will give you a great deal of peace of mind over the course of your life. The loved one or friend that you designate to take care of your pets could assist with a pet trust.

The pet trust can set aside specific finances to provide for your pet’s care after you pass away and can name an individual who will maintain responsibility for doing this. Putting together a pet trust well in advance is just one way that you can articulate how you intend for your animals to be cared for. The sudden loss of a loved one will already present challenging life changes for your pets. Having stipulations in place to assist them with their needs through funding a trust is strongly recommended.

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