Pets are like members of the family, so you’re probably concerned about what will happen if you’re no longer able to take care of them. Stating your wishes for what happens to your pets, such as who should be their human guardian and at what point the guardian should take over, can all be set up ahead of time. Unless you document your wishes, you could be rolling the dice as to what a court of law will decide as to the care of your pets.
While some courts consider the animals’ best interests in their decision-making, courts are not required to do so. That’s why pet owners use a Trustworthy Pet Trust-so that directives for your pets’ care are clear. And a trust, a legal entity that holds property and money for the benefit of another, is a perfect option to provide for your pets’ future needs. That’s because an animal may not directly inherit property, cash or life insurance proceeds. You may, however, leave the same funds for “the benefit of” an animal. And, of course, if you’re going to plan ahead for your cherished pets, you want to make sure that any money you put aside may not be used for anything except the care of your pets-for as long as they are alive.
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