Whether you call them pets or companion animals, they play an important part in the lives of many people. Frequently owners of companion animals want to arrange for the financial support and care of their animals if they become unable to personally provide for that care. Estate planning provisions that provide for companion animals that outlive us can be included in your will or trust agreement. Also existing estate planning documents can be amended to add these provisions.
A durable power of attorney or the dispositive provisions of a revocable living trust also can be used to ensure that companion animals will be properly cared for if the owner becomes disabled or until the long-term plan takes effect.
For more information contact Robert A. Gordon.
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