People often overlook important estate planning considerations. After taking an inventory of all your assets and readying them for distribution to your loved ones, it would be easy to overlook something that is not normally thought of as an asset, the family pet.
This is one of the reasons why it is a good idea to engage the services of an experienced and qualified estate planning attorney. You only have one estate to plan, but an experienced estate planning lawyer prepares many estate plans for their clients. With the professional guidance from a highly qualified estate planning attorney, you can be certain that all aspects will be considered.
People generally expect to outlive their pets and this is one of the reasons that pets are sometimes left out of estate plans. However, you never know what the future holds and it is important to make sure that your pets will be properly looked after should you predecease them.
Pet planning essenatially involves two components: identifying a willing and able caretaker, and providing the financial resources that the caretaker will need to care for the pet. An estate planning attorney can help you make arrangements, and this endeavor could include the creation of a pet trust or a possible direct bequest to the potential future caretaker.
Our office is well-versed in pet planning, and we invite you to contact us to schedule an estate planning consultation.