In our last post, we spoke briefly about pet trusts, and how they can be excellent vehicles for ensuring a pet is cared for once its owner is gone. As we noted, pet trusts are probably the most reliable way to provide for a pet in estate planning, but they are not the only way.
For many people, family pets are not just pets, but family. As such, they deserve to be part of a family estate plan. Even for those who have a less dignified view of pets, however, should consider making them part of their estate planning. One doesn't have to be rich to make such planning worthwhile. There are a number of ways to provide for pets once one is gone.
You don't have to be a dog or cat fanatic to do some estate planning for your pet. In fact, there is a growing trend across the country of estate planning for family pets. While this may seem excessive to some, these plans are really not necessarily complicated, though they certainly can be.