If you have a beloved pet that has been a part of your family for years, you may be concerned about how your pet will be taken care of after you pass away. Some clients assume they can simply include a provision in their last will and testament that leaves money to their pet. The problem is that pets cannot own or inherit property. However, our attorneys can help you with estate planning for pets. This way, you can include the necessary provisions for your pet in your estate plan and feel secure … [Read more...] about Why You Should Consider Estate Planning for Pets
Why You Should Create a Pet Trust
A common misconception is that pet owners can leave money behind for their pets in their wills. While they may have good intentions, you simply cannot include your pet in your will and expect that they will be cared for. The reason is that a pet is considered property, just like a car or jewelry. As such, a pet cannot "inherit" money from you through your will. So, no matter how detailed your will may be with regard to your pet, you are not protecting your pet as you may think. Instead, you … [Read more...] about Why You Should Create a Pet Trust
Can I Provide for a Pet in My Estate Plan
Can I Provide a Pet for My Estate Plan from John Potter Though the concerns are warranted, there is good news for seniors on the estate planning front. Responsible pet ownership is definitely within reach. Before the advent of pet trusts, it was difficult to provide for a pet in your estate plan. Learn more about provide a pet for my estate plan in this presentation. … [Read more...] about Can I Provide for a Pet in My Estate Plan