Having a pet brings many people joy and provides them with a living creature to take care of and to provide companionship. Unfortunately, pets are often overlooked in people’s plans for incapacity or death.
The types of animals that one has as well of the needs of those animals should be considered carefully when preparing a last will and testament or trust.
When considering a potential caregiver for your animals, you’ll want to make sure this person has the desire, ability, and available space to take proper care of your pets.
Ask yourself some of these questions:
It may be beneficial to use broad language, instead of naming specific pets, to leave instructions for any pets you may have at your time of death. Consider leaving different instructions for different categories of pets, such as giving small house pets to one person and large, outdoor animals to another person.
You should factor the cost of the care of your pets into your plan, and keep in mind that their care often costs more as your pets grow older. You can leave money for your pet’s care in a few different ways:
It is important to plan for your pet’s future with intention and care so that they may have the best care possible should something happen to you during their lifetime.
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When it comes to planning your estate, having a checklist and important documents in hand is a key part of the process.
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