Do you treat your pet like family? You may be wondering if there is a way for you to care for your pet, even when you die. The good news is you can incorporate your furry friends into your estate planning. If you want to learn more about estate planning for your pet, read on. 1. Choose a new pet owner. Make sure that you choose someone who is able to care for you pet. Discuss this with him or her ahead of time. Include provisions for new pet ownership in your will or trust. … [Read more...] about Providing For Your Pet After You Die
Pets
Can I Create a Trust for My Dog?
When you think about the situation that you may be in as a senior citizen, you can quickly realize why you may be able to benefit from dog ownership. As you get older, you lose loved ones along the way, and your family members are grown and busy conducting their own lives. A dog can provide you with a much-needed companion during this stage of your life. In addition to the companionship, a dog is a big responsibility, so you have a sense of purpose in your life once again. Many dogs are good … [Read more...] about Can I Create a Trust for My Dog?
How Can I Provide for My Pet in My Estate Plan?
When you are engaged in your estate planning efforts, you are naturally going to create an inheritance list. Most of the individuals on the list will walk on two legs, but you may also want to include your pet when you are devising your estate plan. Younger adults who are members of supportive families who share pet ownership may not be too concerned about the well-being of the pet, because there is a support system in place to take over if you were to pass away. However, pet planning can be … [Read more...] about How Can I Provide for My Pet in My Estate Plan?
Pets and Life Insurance
People with pets come to our offices because they want to create a pet plan. Like estate plans, pet plans address issues that arise should you die or become incapacitated. As the name implies, however, pet plans are specifically designed to address the needs of your pet when you are no longer able to care for the animal. Some of our clients ask us if they can use life insurance as a part of their pet plans. While a good insurance policy can be a great way to protect your pet, you can only use … [Read more...] about Pets and Life Insurance
Common Questions About Pet Insurance and Your Estate Plan
For pet owners, taking the time to develop an estate plan that will ensure your pet is cared for after you are gone might require you to incorporate pet insurance. In addition to making a pet trust or taking other steps to protect your furry loved one, pet insurance can be a useful and practical tool. Like all estate planning elements, you will need to carefully consider your needs, abilities, as well as the effects that pet insurance might have on the other elements of your estate plan. Here … [Read more...] about Common Questions About Pet Insurance and Your Estate Plan
Three Issues Senior Pet Owners Need to Think About
As a pet owner, you know the feelings of joy and satisfaction you get from your animal companion. As an aging senior, however, you also know that there are a lot of things that you used to do that you probably shouldn’t do any more. Senior pet owners have to consider several issues as they age that younger pet owners don’t really need to think about as much. If you are a senior pet owner and have yet to do so, developing a pet plan is an essential piece of being prepared for the future. Issue 1. … [Read more...] about Three Issues Senior Pet Owners Need to Think About
New Year is a Chance to Look at Changing Face of Estate Planning
Years ago estate planning consisted of creating a will and maybe a trust to protect your child’s inheritance. Today, however, estate planning has become far more complicated, with even the simplest plan containing several different elements. It’s always a good idea to take the time every year to review your estate plan and consider what, if anything, you should add. Digital Estate Planning As computers and the Internet become more and more enmeshed in our day-to-day lives, many people find … [Read more...] about New Year is a Chance to Look at Changing Face of Estate Planning
Start The Year With a Pet Plan
The new year is often the a time to reflect on the role family and friends play in your life, and to resolve to strengthen those relationships in the coming year. For pet owners, the relationship you have with your furry friend is often just as important as those you have with the people closest to you. That’s why the new year is also a good time to create a tool that will protect your pet should something happen to you. In California you can create a trust that is specifically designed to … [Read more...] about Start The Year With a Pet Plan
