Friday, May 27, 2016
If you’re wondering what will happen to your pet when you pass, do not worry any longer because you can create a pet trust! 49 states have enacted pet trust statutes to allow pet owners to continue caring for their furry friends. It is important to be specific in your care instructions, so the pet’s caregiver can administer accordingly. There are also alternatives to pet trusts, including making a conditional bequest of money to a specific person that will be spent on the care of the pet.
See Steven Maimes, Pet Trust States Grow as Owners Continue to Leave Money to Care for Their Dogs and Cats, Trust Advisor, May 20, 2016.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.