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Pet Trusts Protect!

Despite a pet’s short life expectancy, the pet may out live you. This is especially true now that medical intervention results in longer life expectances for pets than in the past.

Proper planning can provide for a care plan not only in the event of death but also incapacity.

You can provide for a temporary emergency caregiver in the event that something unexpected happens to you – providing them with keys to your home, feeding and care instructions, the name of your veterinarian, and information about permanent care instructions.

 

Planning can lead to peace of mind, reducing the anxiety that many pet owners experience when they envision their beloved pet living without them.

There is no assurance that if you leave money to someone outright to care for your pet that they will do what they promised to do.

Providing an orderly plan for your pet is the responsible and loving thing to do.

 

What is a Pet Trust?

If you are no longer able to provide for the care of your pet, a PET TRUST can ensure that there are funds available and a caretaking system in place to care for your pet.

A PET TRUST is a legal document you can create to ensure that your pets will be cared for as you yourself have cared for them.

With the PET TRUST, you can

  • Appoint a Caregiver and at least one backup Caregiver to provide care for your pet
  • Appoint a Trustee to make sure that the Caregiver is doing his or her job
  • Protect the money designated for the pet and ensure that it lasts for the duration of the pet’s life
  • Give directions regarding health care needs, exercise needs, diet needs, preferred veterinarian, and burial/cremation plans for your pet.
  • Provide that any funds remaining in trust at the death of the pet goes to charity or a family member.
  • Provide a method for finding a caretaker in the event that the caretaker or the back-up caretaker you have selected is unavailable.

Trusts are better than Outright Gifts to a Caretaker

Assets in a trust are NOT subject to the caregivers creditor, marital disputes or bankruptcy

If you leave an outright gift of money to a person in your will in exchange for the care of your pet, the money will go to that persons heirs or beneficiaries at his or her death and will not be available to care for the pet.

 
Without planning, you are leaving too much up to chance.

You can plan to ensure that there are people who will care for your pet, resources available for such care and clear instructions regarding how your pets should be cared for.

Jane Beaumont Hall works closely with pet owners to ensure that their pets will be properly cared for in the event that the pet owner cannot care for them.