Your pets are a part of your family. When you think of wills, trusts and guardianships, you may automatically think of kids rather than pets. However, a lot of stress accompanies the thought that their pets may end up in a shelter for many pet owners if something happens.
According to the ASPCA, a pet trust may help alleviate fears that your pets will have no one if something happens to you.
Choose a caretaker for your pet
You have the right to choose a caretaker for your pet. If you have a trustworthy family member or friend who has the means to care for a pet, consider him or her as the caretaker. Always discuss your decision beforehand, so if something does happen, the person knows he or she will have control of your pet.
Be detailed about your pet’s life
Trusts allow you to be specific about your pet’s overall care. You know your pet better than anyone else. Be sure to mention your animal’s habits, personality, preferences and any behavioral issues. If your pet has a strict regimen, leave those details in your instructions for the caregiver. You should provide instructions on how to handle certain ailments and finally, how you want the caregiver to carry out the final disposition of the pet.
There are a lot of expenses involved in caring for a pet. You may want to leave the amount of money you determine can pay for general expenses in the trust to care for the pet. Make sure you do not forget to appoint a remainder beneficiary if the pet trust has money leftover following the death of a pet.
