Common Questions About Estate Planning For Pets

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					                           Common Questions About Estate Planning For Pets

For pet owners, your estate plan should allow you peace of mind in knowing that you have provided for
pet care after your death. A good estate plan will ensure that your pet will be properly cared for in the
manner you choose, and will often involve a pet trust. Let’s take a look at some common questions
about pets and estate planning.

Question 1: Can I leave my pet my money?

Yes and no. A pet is not legally allowed to own property. However, you can leave your pet to another
person by including a specific provision in your will. The person will then become the legal owner of
the pet, though you should probably also provide that person with funds to assist in paying for pet care.

Question 2: What is a pet trust?

If you are uncomfortable with the idea of relying entirely on another person voluntarily taking care of
your pet, you can always create a pet trust. A trust is a legal entity that can own property and use it to
pay for the pet’s care. While someone else will have to care for the pet, the trust will ensure that there is
enough money to meet the pet’s needs.

Question 3: How do I create that trust?

You can create a pet trust by including specific provisions in your Will. Once you die, the trust will be
created and will begin caring for your pet. You will have to name a trustee to manage the trust, as well
as name a beneficiary who will care for your pet.

Experienced estate planning attorneys Greensboro NC of the Law Offices of Cheryl David offers estate
planning and business planning resources to residents of Greensboro NC. To learn more about these
free resources, please visit http://www.cheryldavid.com today.

				
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Description: For pet owners, your estate plan should allow you peace of mind in knowing that you have provided for pet care after your death