How to Ensure Your Pets are Well Protected and Well Cared for in the Event of Your Death or Incapacity
If you have pets, you probably want to make sure they are well taken care of if anything happens to you. Unfortunately, wishing for their good fortune is not enough. Too many animals are abandoned when their owners die and face rehoming, life in an animal shelter, or worse.
To make sure your furry friend is taken care of when you become incapacitated or upon your death, you can leave assets for their care and custody. The best way to leave your faithful companion assets is to set up a pet trust.
With a pet trust, you can create certain rules for how the trust’s assets can be used. You can name a trustee, the person who will control and manage the assets, as well as a caregiver for your pet. By having a trustee manage the assets, you can rest assured the caregiver will only benefit from the assets if they are used in accordance with the terms of the trust.
Another way people leave money and instructions for the care of their pets is with a will. However, wills cannot ensure the designated funds for your pet will be used in the way you want them to be, nor do they ensure the caregiver will truly care for your pet. A person who is left a pet under a will can easily turn around and leave the pet at a shelter and pocket the money that was left to care for the animal instead.
Ask a Florida Estate Planning Attorney for Assistance
Leaving your pet assets is easy with a pet trust. However, trust creation can be complicated, and working with a lawyer to develop the terms of the trust is highly recommended. At Kira Doyle Law, we can guide you step by step through creating a pet trust and other legal resources to ensure your beloved furry friend is well taken care of. If you are ready to create a pet trust, start by calling our office in St. Petersburg, Florida, at 727-537-6818, to schedule an appointment with one of our experienced Estate Planning Attorneys today!