There is a lot to remember when you are planning your estate. It can be easy to overlook your four-legged heirs. You can certainly include your pets in your estate plan.
Thousands upon thousands of pets are left homeless each year after their owners pass away. If you plan your estate effectively, you can be certain that your pet will be cared for throughout their life even if you predecease the animal.
Pet Trusts
In Cincinnati, Ohio it is possible to create a trust for the benefit of a pet. There are a number of different advantages that you gain when you create a pet trust.
The trustee that you name in the trust agreement is bound by law. He or she must use the assets that have been conveyed into the trust to provide for the pet in the manner that you set forth in the agreement.
You can leave behind very specific instructions regarding diet, treats, exercise, veterinarian visits, living arrangements, euthanasia, etc.
It can be difficult to know exactly how much money it will take to provide for your pets throughout their lives. However, your estate planning attorney can suggest formulas to help determine the amount of monies to be set aside for the care of a pet. With a pet trust, you will need to name someone to inherit what is left of the pet trust when the pet passes. This can include family members or favorite animal charities, such as No Kill Animal Shelters.
Free Cincinnati, Ohio Pet Planning Report
If you would like to do some research into the subject of pet planning, we invite you to download our free report on the subject. To obtain access to the report, click this link: Pet Planning Report.
Discuss Pet Planning With a Licensed Attorney
We are pet lovers ourselves, so we understand the bond between owners and their pets. To learn about pet trusts in detail, contact our Cincinnati, Ohio pet planning attorneys to schedule a free pet planning consultation.
You can request an appointment electronically through this website, or you can give us a call at (513) 721-1513 to schedule a consultation.