You have diligently outlined what should become of your children in the event of your death or disability. Youve planned your estate, appointed guardians and possibly even shared your estate plan with family members and trusted caretakers. But doesnt something feel as if its missing? Perhaps you need to plan provisions for what should become of your pets once you are no longer able to care for them.
Unfortunately, thousands of Americans overlook their pets when they plan their estates each year. When these people die, family members or friends might adopt their pets. But, many times, the pets are left to fend for themselves s. Your pet doesnt have to be left behind. Include your pet in your estate plan to assure that your pet receives the kind of care you would give if you could.
Most states allow you to include provisions for how your pets will be taken care of in your estate plan. These provisions can include instructions, such as who will take care of your pets, and funds so that your pets caretaker can give your pet the proper treatment, nutrition, and recreation that you have provided during your life.
Either an appointed trustee or a guardian of your choice will control the funds allocated for your pet. If you name a guardian, make sure you have discussed his or her role in your pets life prior to signing the estate plan. Your guardian should have a safe, welcoming home for your pet. He or she should be free from allergies and should take an active role in the care of your pet. The funds you leave behind can be used to pay for things such as veterinarian bills, toys, and food for your pet. But, your guardian will need to give the pet loving care and attention that you have.
If you choose to leave your pet in the hands of an appointed trustee rather than a guardian, then you are electing to appoint an individual who will either adopt your pet(s) as his or her own, or your trustee will be charged with the task of finding a suitable home. Many times, animal shelters are the trustee. They work hard to find friendly homes for the animals so that the pets dont end up on the streets.
Take a few moments to assign a guardian or trustee to care for your pet. Its a simple task that will give you peace of mind that youve protected the companion with whom youve shared mutual love and affection.
Thomas McNally is the staff writer at the National Directory of Estate Planning, Probate & Elder Law Attorneys. McNally stresses the importance of finding a qualified estate planning attorney to ensure that your estate passes to whom you want, when you want, and is carried out in the manner you’ve chosen.
Estate Planning and Your Pets
Published in June 12th, 2008
Posted by admin in Estate Plan Trusts
No user responded in " Estate Planning and Your Pets "
Subscribes to this post comment rss or trackback url
Leave Your Reply Below...
Please Note: Comment Moderation Maybe Active So There is No Need To Resubmit Your Comments
Social Network
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Aug | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | |||||
Recent Entries
- My Debt - Help! Get the Answers Here
- Debt Collectors Harassment - Put A Stop To It!
- Credit Card Debt Reduction - Simple, Effective Ways To An Obligation Free Future
- Prevent Future Debt Problems Now
- Informing Your College Student About Debt
- How Credit Card Counseling Agency Works
- Beware Debt Under Construction
- Credit Card Debt Settlement Agency - Should You Opt For It?
- Unification of Debts Bring Debt Reduction
- The Credit Card Debt Pay Off
Recent Comments
- loan » Bl… in Student Loan Debt Forgiveness
- loan » Bl… in You Can Save Big Money on Your Stud…
- loan » Bl… in Student Loan Debt Elimination
- loan » Bl… in Student Loan Debt Solutions
- loan » Bl… in Student Loan Consolidation Rates Se…
- loan » Bl… in Federal Student Loan 101
- loan » Bl… in Student Loan Refinance
- loan » Bl… in The Truth About Refinancing Student…
- Irs » Hau… in Haunting Student Loan Debts
- Bad Debt »… in How To Bankrupt Your Student Loans
Translators
Categories
- Auto Loans
- Bankruptcy
- Credit
- Currency-Trading
- Day Trading
- Debt Consolidation
- Debt Management
- Debt Relief
- Estate Plan Trusts
- Home Equity Loans
- Leases Leasing
- Loans
- PayDay Loans
- Personal Finance
- Personal Loans
- Structured Settlements
- Student Loans
- Taxes
- Taxes Income
- Taxes Property