Don't forget to think about your pets when doing your estate planning.
Sixty-eight per cent of US households own pets according to the Insurance Information Institute. Many of us think of our pets as our furry children. It is clear that our pets are important family members and, depending on your situation, your pets may need to be included in your estate planning documents in order for their future to be secure. This is especially true if you are single and live alone with your pet. Yet, many of us fail to make a formal plan to ensure our pets will be loved and cared for in the event that something happens to us.
But planning for your pets is easier than you think; it doesn't have to be complicated or expensive. A good place to start is by talking to your friends and family about who could care for your pet if something happened to you. Once you have found someone who has agreed to care for your pet when you are gone, you can add this information, including contact numbers for your pet guardian, instructions regarding your pet's likes and dislikes, vet info, and any other pertinent information regarding your pet with your estate planning documents. You can also talk to your estate planning attorney about including a pet trust in your will or trust. If your pet is a large animal or very expensive to care for, a pet trust may be advisable.
For more information about planning for your pet, contact Nancy Roberts at 980.247.3911.
DISCLAIMER: This is an advertisement and contains general educational information only. The information offered in this post does not constitute legal advice and reading the information does not create an attorney-client relationship with Nancy Roberts or the Brockmann Law Firm. Before taking any action, you should always seek legal advice from an attorney you hire, who advises you based on your specific facts, circumstances, situation, and the appropriate governing law.