Pet Trusts
When you’re making plans to secure your assets for future generations, there is one family member you don’t want to forget: your beloved pet. You’ll be glad to know Arizona has enacted Pet Trust laws designed to protect your furry friend in the event of your death or incapacity. Phelps LaClair has helped thousands of families with their estate planning. Your pet is part of your family, and that’s why Pet Trusts are an important part of your estate plan.
Your friends and family members may not have the same concern for your pet that you feel. Without your written directives in a valid Pet Trust, your dog, cat, or other pet may end up homeless, in a shelter, or worse, being put to sleep. With a Pet Trust, however, you can ensure that your pet continues to enjoy the same quality of care it received while living with you.
Estate Planning and Pets
In a Pet Trust, you can set aside part of your assets to provide for your pet’s vet checkups, delineate the kind of food you want your pet to be fed, stipulate the kind of exercise it should receive, and much more. Most importantly, a Pet Trust designates a caretaker of your choice who will care for your pet and give it a loving home. This will prevent unconcerned relatives from treating your pet in a way that is inconsistent with your wishes.
Setting up these details in a Pet Trust can help avoid messy and divisive litigation, protect your pet’s future care, and provide adequate funds for the person who will take care of your pet after you’re gone.
If you’d like to know more about Pet Trusts and estate planning, contact us today for a free consultation. We’re ready to help you set up all of your estate planning, including a Pet Trust that will keep your pet safe and secure even after you’ve passed away or become incapacitated. Call us at (480) 892-2488 or email us at admin@PLEstatePlanning.com to schedule your free consultation.
