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.
Latest posts by John Potter (see all)
- What Happens If I Leave Assets Out of My Living Trust? - February 15, 2019
- What are the Advantages of an Irrevocable Trust? - February 14, 2019
- Charlotte Medicaid Attorneys Explain How to Protect Healthy Spouses - February 11, 2019