Pet Trusts
Who will take care of your pets if something should happen to you? Take advantage of the law to protect your cherished pets!
Plan Now!
More and more state legislatures are recognizing that pet owners want to legally provide for valued pets and be secure in the knowledge that personal wishes will be honored at the time of the pet owner's incapacity, death and thereafter.
What is a pet trust?
In the event the pet owner dies or becomes disabled, a pet trust is a legally sanctioned arrangement that provides for the care and maintenance of one or more companion animals.
During the lifetime of the pet, a designated trustee holds assets in trust, making regular payments to a designated caregiver who provides care as specified in the trust.
Afterwards, remaining trust funds are distributed to the owner’s heirs or other named beneficiaries that may include any charitable organizations.
If the remainder beneficiary is a charitable organization, the bequest may be deductible for Federal estate tax purpose.
Be assured that your pets will continue to receive love and care.
What is needed for a pet trust?
In addition to providing the name and address of trustees and caregivers, you will be asked to:
1. Identify your pets
2. Designate the amont of trust funding
3. Describe the care and terms required
4. Designate a remainder beneficiary in the event that the funds are not exhausted
5. Provide for the final disposition of your pet
There are many ways to establish pet trusts. Call us at 727-845-0700 for a
FREE 30 minute consultation.
