Trust Can Play a Role in Pet Planning
October 26, 2012 By Anderson, Dorn & Rader, Ltd.
Some people want to provide for minors or adults who are incapable of making their own decisions when they are making preparations for the future. If you want to set aside resources for the well-being of such an individual you would place them into a trust of some kind.
The trustee that you choose would be empowered to handle the financial assets and see to it that the beneficiary was cared for in the manner that you stipulated when you drew up the trust agreement.
In a similar manner you can set up a pet trust to provide for your pet or pets. The trustee follows your instructions and you can be certain that your pet is cared for properly throughout the rest of its life if you do predecease the animal.
In a pet trust, it is possible to identify a caretaker and give this individual authority to care for your animal companion.
With a pet trust you can also be certain that the trustee handles the funds in accordance with your wishes as stated within the trust agreement. Plus, you can arrange for anything that may be left over after the death of the pet to be passed along to a secondary beneficiary of your choosing.
A pet trust can provide you with the peace of mind that goes along with knowing that your dog or cat will be fed, housed and properly cared for if you pass away first.
ABOUT THE AUTHOR: Bradley B Anderson
Experienced estate planning attorneys Reno NV of the Anderson Dorn & Rader Ltd offers estate planning and business planning resources to residents of Reno NV.
Copyright Anderson, Dorn & Rader, Ltd.
More information about Anderson, Dorn & Rader, Ltd.
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
In a similar manner you can set up a pet trust to provide for your pet or pets. The trustee follows your instructions and you can be certain that your pet is cared for properly throughout the rest of its life if you do predecease the animal.
In a pet trust, it is possible to identify a caretaker and give this individual authority to care for your animal companion.
With a pet trust you can also be certain that the trustee handles the funds in accordance with your wishes as stated within the trust agreement. Plus, you can arrange for anything that may be left over after the death of the pet to be passed along to a secondary beneficiary of your choosing.
A pet trust can provide you with the peace of mind that goes along with knowing that your dog or cat will be fed, housed and properly cared for if you pass away first.
ABOUT THE AUTHOR: Bradley B Anderson
Experienced estate planning attorneys Reno NV of the Anderson Dorn & Rader Ltd offers estate planning and business planning resources to residents of Reno NV.
Copyright Anderson, Dorn & Rader, Ltd.
More information about Anderson, Dorn & Rader, Ltd.
View all articles published by Anderson, Dorn & Rader, Ltd.
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
