What Are the Advantages of Pet Trusts in Estate Planning?
Pet trusts offer a much greater level of protection for your pet’s interests than a will alone. Pet trusts allow you to be very specific in regard to what type of care you wish your pet to receive. In a trust agreement, you may specify who you want to take care of the pet, and how much of your estate you wish the designated pet guardian to receive and when. When a trust is established, you may specify what type of veterinary care you wish your pet to receive. You can even specify what type of food you wish for your pet.
A trust also allows provisions for multiple pets. If you have two dogs or cats that are strongly bonded, for example, then you can state in the trust that these pets are not to be separated. The trust will stay in effect until the last pet covered under the terms of the trust passes away.
Pet trusts also allow you to direct what becomes of your pet upon his or her death. If you want your pet buried in a pet cemetery, then you can include those instructions in the trust document. A trust will allow for the care of your pet even if others should seek to challenge your estate. The trust document and its provisions will be in effect even if some issues in your estate are still working their way through the courts.