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Your pet is more than just an animal—they’re a beloved companion and a part of your family. You make sure they have food, a safe home, and the care they need. But what happens if you’re no longer there to provide for them? Many pet owners assume a friend or family member will step in, but without clear instructions and financial support, that may not always be the case. A pet trust allows you to plan for your pet’s future, ensuring they continue to receive the love and care they deserve, even if you’re no longer able to provide it yourself.
What Is a Pet Trust?
A pet trust is a legal arrangement that ensures your pet receives proper care if you become incapacitated or pass away. Unlike a will, which only names a beneficiary for your pet, a trust sets aside funds and provides legally enforceable instructions for their care. This means your pet won’t be left in limbo while your estate is settled.
With a pet trust, you choose a caregiver and a trustee. The caregiver provides day-to-day care while the trustee manages the funds and ensures they’re used as intended. You can outline everything from dietary needs to veterinary care, grooming schedules, and even favorite treats.
Pet trusts are particularly useful for pets with long lifespans, such as birds or tortoises, or for those with specific medical needs. By setting up a trust, you create a reliable plan to ensure your pet continues to receive the attention and care it’s accustomed to.
Why Consider a Pet Trust?
Relying on informal agreements with friends or family may seem like a good plan, but circumstances can change. A pet trust provides legal protection and financial support to ensure your pet receives consistent care. Unlike a simple will, a pet trust allows you to control how funds are used and provides accountability.
Benefits of a pet trust include:
- Guaranteed care – Your pet won’t be left in uncertainty or sent to a shelter if no one steps up.
- Financial security – Funds are set aside specifically for food, medical care, and other needs.
- Legally enforceable instructions – Caregivers and trustees are bound by the terms of the trust, reducing the risk of disputes.
- Flexibility for unique needs – You can specify everything from dietary preferences to medical treatments and daily routines.
- Backup planning – You can name alternate caregivers and trustees in case your first choice is unavailable.
With a pet trust, you ensure your pet’s future, no matter what happens.
How to Include a Pet Trust in Your Estate Plan
A well-structured pet trust provides clear instructions, financial resources, and legal authority to ensure your pet receives proper care. Here’s how to include one in your estate plan:
- Choose a trustee – This person will manage the funds and ensure they are used according to your instructions. You can select a trusted individual or a professional fiduciary.
- Select a caregiver – Name the person who will provide daily care for your pet. Be sure to discuss your plan with them in advance to confirm they’re willing and able to take on the responsibility.
- Determine funding – Estimate the costs of food, veterinary care, grooming, and other needs. Consider your pet’s lifespan and any special medical conditions when deciding how much to set aside.
- Provide detailed instructions – Outline feeding schedules, medical care, exercise routines, and anything else that will help maintain your pet’s quality of life.
- Name a backup caregiver – If your first choice is unable to serve, having a backup ensures your pet is never left without care.
By taking these steps, you can make sure your pet’s future is secure and their needs are met.
Protect Your Pet’s Future with a Thoughtful Estate Plan
Your pet depends on you for love, care, and stability. A pet trust ensures they continue to receive that same attention even if you’re no longer around. At LaFountain & Wollman P.C., we help pet owners create estate plans that protect their loved ones—furry ones included. Contact us today to discuss how a pet trust can be part of your estate plan.