Tuesday, May 30, 2017
While a pet can be as close as family to some, this does not mean they warm the depths of anyone else’s heart. Because of the legal status of these furry companions, it is important to plan for their care in case you become unable to provide for them. Some simple advice includes filing an advance veterinary directive. These forms can usually be found online or at the local vet. In case a move is required to a retirement facility, make sure the facility accepts pets; many currently do. It may also be prudent to consider placing specific provisions in a will detailing beneficiaries or creating a trust for the care of the pet after death. And in all of these cases, make sure to consider the impact inflation will have on money set aside for pet care.
See Hilary Kramer, Pooch Planning, AARP, May 18, 2017.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.