We have prepared an in-depth special report that you can access to gain additional information about pet trusts. It is being offered free of charge, and it is contained within a library of other special reports that you can access as well. You can see all the titles if you visit our special reports page. … [Read more...] about How can I learn more about pet trusts?
This is another area that is covered when you establish a pet trust. In the trust document, you would name a successor beneficiary that would assume ownership of any assets that remain in the trust after the passing of the animal. … [Read more...] about What happens if there are assets left in the trust after the pet dies?
You convey funds into the trust, and you name a person or an entity like a trust company or bank to act as the trustee. When you are establishing the trust, you would leave behind instructions with regard to the way that you want the pet to be cared for after you are gone. The trustee would be legally compelled to follow your instructions as they are stated in the trust declaration. It should be noted that the trustee could be the person that actually cares for the pet on a day-to-day basis, … [Read more...] about How does it work?
Yes, it is possible to establish a pet trust for the benefit of your fine furry friend. … [Read more...] about Is there a better solution?
The answer is yes, with an asterisk. You can leave someone money along with instructions to use the money to care for the pet. However, once the caretaker receives the inheritance, these instructions would not be legally enforceable. … [Read more...] about So, can you give the caretaker an inheritance that will be used for the care of the pet?
Yes, you can leave your pet to an inheritor if you create a last will. This being stated, you should be aware of the fact that it is possible for someone to refuse an inheritance. For this reason, you should be sure that the person that you have in mind is ready, willing, and able to care for the pet. … [Read more...] about Can you leave a pet to someone?
Under the laws of the states of Vermont where we have offices, animals cannot own property. As a result, you cannot bequeath assets of any kind to your pet in a will. … [Read more...] about Can you leave money to your pet in your will?Can you leave money to your pet in your will?