Every year, countless pets end up in animal shelters after their owners die. In order to counter this trend, a rising number of individuals are providing for their pets in their will. A recent article discusses steps you can take to care for your pet upon your death.
Some people choose to establish a pet trust. A pet trust is a “legally sanctioned agreement providing for the care of an animal after its owner dies.” Through a pet trust, a pet owner can designate who they would like to care for their pet after they die, and may also appoint a trustee to manage funds left for the pet. Typically, owners leave necessary funds to provide for food, vet bills, and other pet necessities.
With a pet trust, individuals may choose to leave detailed instructions for the care of their pet. These instructions can include anything from when a dog likes to be walked, to how a cat likes to be held. Some clients complete a “pet personality profile,” which details a specific pet’s favorite toys and sleeping area.
For assistance in providing for your pet within your estate plan, contact an estate planning attorney today.
