Pet owners are usually devoted to their pets. If you are one, then you already know the lengths you will go to when providing for your pet. Have you considered though, who will care for your pet should a sudden, tragic accident make you unable to provide that care yourself? Where will the funds come from to provide the care your pet deserves? Unless you have included a pet planning component in your estate plan the answers to these questions remain unknown.
At the Coronado Law Office we understand how important it is for you to have a plan in place that covers the care of your dog, cat, or other non-human family member. We are committed to helping you develop that plan. Contact us today by calling (540) 300-LAW2 or 540-300-5292 or by completing our online contact form so we can get started today.
Why Pet Planning Is So Important
The average American household includes at least one cat or one dog among the family members. Often, a dog or cat provides companionship for an elderly individual or a young single person. If tragedy strikes the human caregiver, a pet is often left without anyone to care for him or her. Each year over 500,000 animals are left homeless and abandoned in the United States for just this reason. Creating a simple pet trust can prevent this from happening to your pet.
How a Pet Trust Works
A pet trust is a specialized trust that allows you to name an animal as the beneficiary of the trust. Although you will also name a human caregiver in the trust, the trust assets are legally designated for the care and benefit of your pet. Naming a neutral trustee further ensures that the assets held by the trust will be used as intended. Because a pet trust is a revocable trust you also have the ability to make changes to the trust or completely terminate the trust should the need arise. Finally, you can use the trust terms to direct the care of your pet if you choose to do so. For example, you can include terms that decide what veterinarian your pet will treat with or even what type of food your pet is given.
At the Coronado Law Office we would like to help you provide for your family pet by helping you create a pet trust. Contact us today by calling (540) 300-LAW2 or 540-300-5292 or by completing our online contact form so that we can get started incorporating a pet trust into your overall estate plan.