Estate Planning Options for Pet Owners

If you are a pet parent, you will do just about anything to keep your furry friend safe and happy. Beyond just food and a warm place to sleep, many pet parents spend thousands of dollars a year on pet toys and accessories because our furry friends feel like a part of our family.

However, if a crisis occurred and you were seriously injured or hospitalized for a period of time, do you have a plan? The estate planning attorneys at Parks Zeigler, PLLC, can help you put a plan together that will guarantee your pet’s well-being in the event of your passing, and this article will educate you about planning options.

Why Estate Planning for Pets is Important

Although our furry friends feel like members of our family, they are actually classified as personal property under the law. This means that without the proper planning, your pet might not be automatically cared for in the way that you would want. Pets often end up in shelters or with unfit caregivers after their owner has passed because the original owner failed to designate a future home for the pet in the event of their death. Let’s dive into your options as a pet parent so you can ensure that your beloved companion remains in the care of a loving guardian.

Estate Planning Options for Pets

There are a couple of legal options available for pets, and the one you choose will depend on how detailed you intend to be regarding the care of your pet.

Pet Trust

This is a legally binding document that allows pet owners to designate funds and give specific instructions for a pet’s care after the owner’s death. This involves appointing a trustee, who will have a legal duty to follow your instructions and act in the best interest of your pet.

Will Provisions for Pets

It is possible to include instructions for your pet’s care in your Will, like naming a preferred caregiver and leaving money to that person for the pet’s care. However, there is no legal duty for the new caregiver to use those funds for your pet, like with a Pet Trust.

While these legal options are the most secure way to guarantee your pet’s care with a chosen caregiver, some individuals opt for leaving their pet to no-kill animal welfare groups or pet retirement homes because they do not wish to designate a caregiver.

We Are Here To Help

Planning for the future can feel overwhelming, but you don’t have to do it alone. Whether you’re just getting started or have questions about wills, trusts, or other estate planning options, we’re here to help. Reach out today to speak with an experienced estate planning attorney. You can give us a call or simply fill out a short form to schedule your consultation—we’ll guide you every step of the way.