Creating a Trust for Your Pet

Best Trust Lawyer Phoenix, AZ

If you are like many people, you consider your pet a member of your family. You want the best for your furry companion, even after you’re gone. That’s why you should consider creating a trust for your pet. If something happens to you unexpectedly, you at least know that your fuzzy family member will be taken care of. Here are some tips for getting started:

Choose a Caretaker

The first thing you have to do is choose the right person to take care of your pet. Keep in mind that not just anyone can fulfill this role. The person you select to inherit your pet should be responsible, kind and actually have the time to give your pet the care it deserves. The caretaker should also be relatively young and in good physical condition. In addition, be sure to discuss your plans with the person you’ve selected for the job. You want to ensure that this person actually wants to take on the role.

Be Clear About Your Wishes

In your trust, it’s important to specify how you would like your pet to be taken care of. Include the foods your pet likes to eat and what sort of routine your pet it used to. For example, if you have always taken your dog for a walk in the morning, you will want to specify that in your trust. Pets are creatures of habit, so it’s important to keep their routine the same. Otherwise, they may become depressed or anxious.

Select an Alternate Caretaker

Even if the caretaker you’ve chosen is the perfect person for the job, you should still think about selecting an alternate caretaker. People’s lives can change at a moment’s notice and you want to make sure your pet is always looked after. For example, if the caretaker you originally chose develops a major illness and can no longer look after your pet, someone else can fill the role.

Put Money in the Trust

The last step is funding your pet’s trust. The amount of money you put in the trust will depend on several different factors, such as the type of pet you have, its life expectancy and the standard of living you want it to have. It’s important to sit down and carefully estimate how much money your pet will need to live a comfortable life. Consider funding your pet trust with a portion of your life insurance policy.

Hiring an Estate Planning Attorney

Like with all other estate planning documents, establishing a pet trust can be quite complex. To ensure that everything is done correctly, hire the best trust lawyer Phoenix, AZ offers at Kamper Estrada, LLP. He or she can help you create a pet trust that states all your wishes in a timely and efficient manner. After all, you want the very best for your furry family member.

Schedule a free consultation with an estate planning attorney today to discuss the details of your pet trust.