Here at Piervincenti & Tarantino Law, PLLC, we want to help you make sure that all of your loved ones are taken care of after you are gone. While most people already know that they need to make arrangements for their partners and children, fewer people know that there are ways to make similar arrangements for their pets. If you have a beloved pet and you want to ensure that they are looked after following your passing, we encourage you to reach out to our team to learn more about pet trusts. In this article, we’ll give you a primer on the topic of pet trusts so that you at least get the basics.
The Definition of a Pet Trust
First, we’ll go over what exactly a pet trust is. A trust is a separate legal entity created for a specific purpose, and in the case of a pet trust, that purpose is to ensure that your pets are cared for after your passing. When you set up a pet trust, you’ll be able to fund it with money, name a caregiver for your pets, and lay out exactly how you want your pets to be looked after.
The Benefits of Pet Trusts
Creating a pet trust offers a number of important benefits. You’ll be able to give instructions for how your pet should be cared for, which can cover everything from nutrition to the choice of vets. In addition, you’ll be able to designate someone you trust to oversee the care of your pet and the administration of the funds.