At Learned Lawyer, we love our pets. Scott's dog, Lola, is a mix of poodle and dachshund, known as a "Doxiepoo." She's cute, but she's the most anxious animal known to man! Christine's dog, Beorn, is a Labrador Retriever and a certified therapy dog. Maritza's dog, Stitch, is a -- well, we're not sure. But she loves him anyway! We get it - your pet is part of your family! So shouldn't he or she be included in your estate plan? They can be! If you are concerned about the care of your pet ...
Trust Fund Doggie?
When considering what should happen with a person’s financial resources after his or her death, many people do put something aside for the care of their pets, including naming “guardians” and setting aside funds in a “pet trust” for the benefit of the pet. However, pet trusts are usually just enough to pay a pet’s basic expenses: food, vet visits, etc. In that context, pet trusts are a sensible way to ensure that a beloved family member does not end up in a shelter in the event of the ...
