MaxJack'sMom
04-26-2007, 02:10 PM
for your pet in case something happens to you?
What if something happened to you and your family. Who would take over the care and financial welfare of your pet?
I read an article today about establishing a pet trust fund.
Sometimes the pet guardians assumes that an oral commitment made by family or friends to care for their pets will be honored.
A person cannot leave any part of his estate outright to his pet, but by having a pet trust you can make sure they are cared for.
So far, 35 states have enacted pet-trust laws. Several other states have similar laws pending.
Pet trusts are more binding than the wishes made in a will.
You should seek the advice of an attorney who's knowledgeable in animal law. It is also important that the trust bear a name that explicitly describes the document. If I were to do one, the title would be, "The Cheryl ****** Living Trust for the Benefit of Jack, My Dog."
You should also have an alternate caregiver. You also name a trustee who handles the financial and legal aspects of the trust. It is important to name two different people as caregiver and trustee.
You have to figure out the food costs and veterinary and medical care based on the age of you pet.
Not every state has pet trust laws, but you can still create pet trusts, it's just that they won't be enforceable by a court of law.
You might want to check out the Humane Society's website at www.HSUS.org, for more info on pet trusts.
What if something happened to you and your family. Who would take over the care and financial welfare of your pet?
I read an article today about establishing a pet trust fund.
Sometimes the pet guardians assumes that an oral commitment made by family or friends to care for their pets will be honored.
A person cannot leave any part of his estate outright to his pet, but by having a pet trust you can make sure they are cared for.
So far, 35 states have enacted pet-trust laws. Several other states have similar laws pending.
Pet trusts are more binding than the wishes made in a will.
You should seek the advice of an attorney who's knowledgeable in animal law. It is also important that the trust bear a name that explicitly describes the document. If I were to do one, the title would be, "The Cheryl ****** Living Trust for the Benefit of Jack, My Dog."
You should also have an alternate caregiver. You also name a trustee who handles the financial and legal aspects of the trust. It is important to name two different people as caregiver and trustee.
You have to figure out the food costs and veterinary and medical care based on the age of you pet.
Not every state has pet trust laws, but you can still create pet trusts, it's just that they won't be enforceable by a court of law.
You might want to check out the Humane Society's website at www.HSUS.org, for more info on pet trusts.