Trusts: 3 reasons a pet trust Matters

You're aging, and you love your pets. While you may well be alive for as long as your puppy or kitten survives, there's always the chance that you might pass away before he or she does. What happens to your pooch or cat if you can't take care of him or her anymore? Will someone automatically adopt your pet, or should you take precautions?

One way to move forward is to include a pet trust with your estate plan. A pet trust gives you an opportunity to put aside money for the purpose of caring for your pet when you can no longer do so, whether you're in a nursing home or have passed away. The trust pays out only for the pet's expenses and situations that you deem necessary.

Why create a pet trust?

A pet trust does more than just make sure there's enough money to take care of your precious pet after you can't any longer. It is a legally sanctioned arrangement that determines who the pet will go to and is responsible for taking care of that pet's health. A pet trust is enforceable by law, so the person who takes on the pet can't shirk the responsibility on a whim. This means that your pet is protected, so you can rest easy.

A pet trust protects your pet for life

A pet trust lasts 21 years or the life of your pet in most states. Some kinds of trusts last longer, but in most cases, companion animals like dogs or cats don't live longer than 21 years. Longer trusts can be beneficial for animals such as horses, tortoises, birds or other animals with long life expectancies.

A pet trust can include more than money

A pet trust is also a good way to make sure your pet has all the assets he or she needs for life. For instance, a horse needs to have a stable, so a stable could be included in the trust. Other assets like food stores, services that have been paid for, and even things like pet furniture or accessories can be included.

These are just a few reasons why a pet trust can be beneficial. Setting one up is easy with the help of a legal professional who can make sure your pet will be taken care of.

No Comments

Leave a comment
Comment Information
Email Our Lawyers

Contact Us To Find Out How We Can Help You And Your Family

Call 866-253-6994 or fill out the form below to set up a consult with J. Kevin Tharpe to
talk about your wishes and ways he can help you accomplish your goals.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

We have offices in Gainesville and Young Harris for your convenience.
Review Us

Gainesville Office
405 Broad Street SE
Gainesville, GA 30501

Toll Free: 866-253-6994
Fax: 770-531-5511
Gainesville Law Office Map

Gainesville Office

Young Harris Office
1352 Main Street, Suite 1
Young Harris, GA 30582

Toll Free: 866-253-6994
Fax: 770-531-5511
Young Harris Law Office Map

Young Harris Office