Pet planning may not be something you’ve thought about at this point in your life, but it may be time that you do. That’s especially true if you currently have a pet or will be bringing one into your family in the near future.
Pet planning is exactly what it sounds like. It’s a plan that you create to ensure that your pet or pets are safe and cared for after your passing. Without the proper approach, there’s always a chance that your pet could end up abandoned or in the possession of the wrong person.
The best way to gain peace of mind is to create a pet trust. This allows you to make advanced decisions regarding details such as:
- Your pet’s dietary needs
- Your pet’s medical needs, such as prescriptions and where to receive veterinary care
- How to maintain your pet’s current standard of living
- Final disposition plans for your pet (burial or cremation)
As you think about the details above, here are some of the many questions you should answer:
- Who can you trust to care for your pet after you’re gone?
- How much money do you need to leave to ensure that your pet is properly cared for?
- Will you require that your trustee regularly checks in to ensure that your pet is receiving the proper care?
If your pet passes on before you, the trust that you created is terminated. However, as long as your pet is alive and you’re the owner, you’ll want to maintain an up-to-date trust. This will give you peace of mind in knowing that it’ll receive the proper care even if you’re not around to provide it.
Need help creating a pet trust? Contact Kinghorn Law by calling 520.529.4000, our team is here to provide you with all the assistance you need.
