If you have any type of pet — such as a dog, cat, horse, or bird — it’s critical that you consider the benefits of creating a pet trust.
The biggest mistake you can make is assuming that your pet will be taken care of upon your death. Even if this does happen, such as by a loved one who is willing to step in, they may not understand exactly what to do.
Here are three reasons why you need a pet trust:
1. Complete Control of Your Pet’s Future
Through the creation of a pet trust, you have complete control over the future. You can outline directions for things such as veterinarian care, daily care, food, exercise, and more.
You want your pet to continue to receive the same high level of care. A pet trust allows you to guarantee that this happens.
2. It’s Revocable
At any time, you have the legal right to revoke or alter your pet trust. For example, you may want to do this if you need to name a new trustee. Or maybe you need to make alterations because circumstances have changed, such as your pet developing an illness that requires a specific type of care.
You’re not locked into the terms and conditions of your original pet trust.
3. It Can Help if You’re Incapacitated
What would happen to your pet in the event of your incapacity? Who would care for it? How would they know what to do?
A pet trust can kick in the second you become incapacitated. This allows your trustee to care for your pet as outlined by the terms of your trust.
For assistance with all things related to creating a pet trust, visit the website for The Edwards Law Firm or by calling our office at (904) 672-7600.
