Making provisions for the care of your pet after you pass away is something to consider when you are planning your estate. Obviously, if you are a young adult it is very likely that you will outlive your pet. However, precautionary planning can make sure that you have some type of contingency plan in place.
Of course, senior citizens who own pets are in an entirely different position. Pet ownership can be wonderfully beneficial, but you do have to make sure that your pet will have a home should you predecease the pet.
Betty White has certainly taken the above advice to heart. She has been a part of the television landscape for decades, and she is as popular as ever though she is all of 90 years of age.
White is the owner of a beloved golden retriever named Pontiac. She has reportedly created a pet trust for the benefit of Pontiac, funding it with a whopping $5 million.
While some people may find this to be more than a dog would need, you do have to consider the well-being of your pet or pets when you are making preparations for the future. If you would like to discuss your pet planning options, simply get in touch with a Northern Kentucky estate planning lawyer to set up an appointment. He or she will listen to your situation and make the appropriate recommendations.
John’s practice focuses on the use of Wills and Living Trusts in Estate Planning to help individuals protect their families and preserve their legacies after their deaths, but his practice also focuses on the critical issues of protecting individuals with dementia or other diminished capacity, assisting individuals in qualifying for Medicaid and other government benefits to offset the costs of long-term care, and providing special needs planning.
John is admitted to practice law in North Carolina, South Carolina, Kentucky, and Ohio, and he is accredited by the Department of Veterans Affairs.
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