Your Pets Count

pet information that caters to your special friend

You are currently browsing the The Pet Product Guru blog archives for the day Friday, July 31st, 2020.

Archives

Calendar

July 2020
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  

Archive for July 31st, 2020

Include Your Pet In Your Estate Planning

Friday, July 31, 2020
posted by Jim Murphy

Most of us don’t like to think about planning a will and sometimes neglect to do so. Our pets should not be left out and they should be provided for. There are several ways that you could do this. The first is to leave your pet in the care of a friend or family member, then leave that person a specific sum of money to care for your pet.  You must be certain that the person that you’ve chosen to take care of your pet will honor your wishes and use the money specifically for that purpose.  You can also establish a trust for the care of your pet after you’re gone. You name a caregiver who will be responsible for the care of your pet, you also name a trustee that will be in charge of your pet’s money.The money will be used for food, dog or cat accessories and anything else that your pet may need.  You then fund the trust with enough money or property to meet your pets needs during it’s lifetime.  Leave written instructions as to how the pet should be taken care of. This way, the obligations of the caregiver and trustee are legally enforced.

Speak to your estate planning attorney for the best way to make sure that your pets are included in your will. This will give you peace of mind that your pet will not be abandoned or sent to a shelter.

Remember, your pets count!

Your favorite oldies are playing right now on Edgewater Gold Radio!  The 50s through the 80’s all the time! Ask Alexa to “play Edgewater Gold Radio or listen from our website, Edgewater Gold Radio.com.

add comment    Comments Off on Include Your Pet In Your Estate Planning