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Ensuring your pets safety after you're gone is a
simple process that will afford you the peace of mind you deserve.
To learn more about the benefits of a pet trust browse our FAQ
section to discover the answers to all your questions. And if
you can't find the answer you're looking for, feel free to contact
us at
Frequently Asked Questions:
Q. What can I do to insure my pet is taken
care of after I'm gone?
Q. Why is it important to put your wishes
in writing, as opposed to
 just
telling the person to whom you plan to leave your pets?
Q. What is the benefit of having a trust/will?
Q. Is it necessary to have a trust or will
for my pet?
Q. What is a trust?
Q. What exactly is a Pet Trust?
Q. How do I create a trust?
Q. Where do the funds come from?
Q. What can I do to insure my pet is taken
care of after I'm gone?
A. One thing you can do is to create a pet trust. There
are two types of pet trusts. First, there is a traditional pet
trust, which is valid in all states. The second type is a statutory
pet trust, which derives its authority from a statute, also known
as the law, in the state in which you reside.
Q. Why is it important to
put your wishes in writing, as opposed to just telling the person
to whom you plan to leave your pets?
A. Putting things in writing eliminates any confusion that
may follow a sudden death. And, you may know whom you want to
take care of your pets, but if you don't tell them, then it doesn't
do you, or your pets, any good. Eliminate the confusion by having
documentation of your specific wishes regarding your pet.
Q. What is the benefit of
having a trust/will?
A. Approximately sixty-seven percent of people
in the United States die without even preparing a will to transfer
their assets to their loved ones. If you don't have a will or
a trust, the Probate Act of the state where you reside will control
the distribution of your assets. The problem is not all states
recognize "pets" as any thing other than personal property.
Q. Is it necessary to have
a trust or will for my pet?
A. Most people do not consider their pets, or
domestic animals, as "property" or "assets."
They consider them part of their family. Unfortunately, most American
courts in the past have considered pets to be personal property,
whether it is dogs, cats, horses, birds, etc. While most people
document in a Will or Trust how their property (real and personal)
should be distributed (who gets what) they fail to discuss the
care of their pets.
Q. What is a trust?
A. A trust is a three (3) party agreement, whereby
you have a person who creates the trust, sometimes called a grantor
or a settlor, the grantor sets aside funds to take care of someone
or (something.) The grantor gives the funds to a trustee who is
responsible for holding on to the funds, for that certain someone
(or something). The third (3rd) party of the trust is the beneficiary,
the someone or (something) for whose benefit the trustee holds
the funds.
Q. What exactly is a Pet
Trust?
A. You as grantor set aside funds with a trustee
to dole out to a caretaker you name to take care of your pet(s).
Q. How do I create a trust?
A. You can create a trust while you are living
(interestingly enough called a "living" trust), or when
you die (not so interestingly, but legally called a "testamentary"
trust). While the history of the creation of trusts through the
common law courts commencing with the Magna Carta can be very
interesting (yawn), the fact is that you can create a "Peace
of Mind Pet Trust" to insure your beloved pet will be properly
taken care of in the event of your incapacity due to accident
or illness, or as a result of your death.
Q. Where do the funds come from?
A. Funds can come from a collection of places.
Possibly from a small term life insurance policy, your savings,
from your Will or Trust, a bank account that names the Trust under
a transfer at death or payable on death clause on the signature
card. The possibilities are endless. The important part is you
provide instructions regarding care, feeding, exercise, veterinary
care, and burial for your pet. Unlike a person who can fend for
him or her self a pet is, for the most part, entirely dependent
upon their "Master." Don't you want to take care of
the pet who loves you unconditionally?
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