I don't know about you, but I think that my pets are part of my family. Even though I definitely recognize that my four-legged friends are just like family members to me, the law doesn't necessarily provide for what will happen to them if something happens to me or my husband.
Honestly, some days it feels more like my pets take care of my wellbeing than the other way around. Because of that strong bond we’ve established, I don’t ever want them to feel like they’ve been left behind.
I don't want to think about the challenges that my loved ones might face if they were not able to take in my furry family members or willing to take them in if something happened to me. This is one of the biggest benefits to establishing a plan such as a pet trust.
Although I certainly hope I never have to activate the provisions in a pet trust, this gives me peace of mind that if something should happen to me or my husband, the plan and the money is there to provide for my additional family members, also known as my pets.
Thankfully, estate planning tools have evolved to enable me to show how my pets are part of my overall estate planning and my family.
What's your lineage?