They’re man’s best friend, so it’s only fitting that we make sure our pets are taken care of in the event of our passing. This article helps clarify the important steps in creating a Pet Trust for your furry friends. While it may be difficult to think about, there are a few common considerations to keep in mind when trying to create a plan.
- Any special care requirements (medications, health concerns, behavioral concerns)
- Where you would like your pets to live (do you want them to remain at your home or go live with a friend or family member or sanctuary?)
- What financial resources will you provide to ensure adequate care?
Each situation, and each pet, is different. It is important to think about who you will feel most comfortable taking care of your beloved animals, as well as how much money you can leave to help provide for their care. It is also vital to choose a trustee to manage the finances for your pets.
This is just one small part of comprehensive estate planning. If you would like to learn more about creating a Pet Trust to ensure your family pet is taken care of, contact Rhodes Law Firm today.