Pets Are Family
While your pet may be your best friend, and may be more loving and reliable than most of your family members, when you die, your pets are treated by the court in the same way as all your personal property. You must have a plan in place to make sure your pet is left in good hands.
How Much Should You Put in a Pet Trust?
Every pet owner has a different lifestyle and every pet does too. Some pet owners want only the best for their pets and some want their pets to simply be comfortable. When you leave a pet in someone else’s care, leaving a pet trust will mean the pet will never be a financial burden for his new caregiver.
Consider the following in deciding how much to put in a pet trust:
- Age and health of pet;
- Veterinary costs such as prescriptions and examinations; and
- Type of care and lifestyle owner wants for the pet and the size of the estate.
A Pet Trust not only allows for the financial care of your pet, but allows someone else to start caring for your pet if you should become incapacitated in any way.
Getting Legal Help
Experienced Estate Planning Attorney Elga Goodman can provide you with all your options and work with you in protecting everything that is important to you. Contact us today at 973-841-5111.