A pet t
rust can provide you with peace of mind if you are concerned about predeceasing your fine furry friend. It is true that younger adults may not be extremely concerned about this topic, especially if there is extended family to care for the pet if the unthinkable was to take place. However, for older people, pet trusts can be invaluable, and they are legal in the state of California.
Ideal Solution
A pet can provide many benefits for senior citizens. Experts who weigh in on the subject state that pet ownership is beneficial from a health perspective on a number of different levels. When you have a dog, you are going to have to walk your pet, and this will give you some exercise and fresh air.
Plus, when you are out and about with your dog, you have a conversation piece in tow. If you go to the dog park, you can get into conversations with other pet owners, and you can build friendships. This can be very important for seniors who may experience a sense of loneliness, and of course, the pet itself will provide companionship.
A dog can seem like a handful, but there are many smaller breeds that are quite obedient and manageable.
When you have a pet in your home, you have a being that you love depending on you for support, and this can be very rewarding when you are a senior who may be missing a sense of purpose.
Of course, longevity concerns can get in the way of pet ownership, and this is why pet trusts are so useful. When you create and fund a pet trust, you name a trustee to administer the trust after you are gone. You do not have to worry about anything that may be left in the trust after the death of the pet, because you can name a successor beneficiary to assume ownership of the remainder.
In the trust declaration, you leave behind instructions. You can instruct the trustee to make sure that the pet is treated in precise accordance with your wishes after you pass away.
Learn More About Pet Trusts
If you would like to obtain more detailed information about pet trusts, download our special report on the subject. This report is free, so there are no risks involved. To get your copy of the comprehensive, in-depth special report, visit this page and follow the simple instructions: Pet Planning Report.
To Schedule a Free Consultation
If you are interested in the possibility of working with our firm after learning these facts, please select our “Workshops” tab to RSVP for a free estate planning workshop. At that workshop you will be offered a free one-hour consultation with an attorney: www.collinslawgroup.com/seminars/
- Can the Beneficiary of My Life Insurance Policy Be a Trust? - May 30, 2023
- Are Your Digital Assets Included in Your Estate Plan? - May 27, 2023
- What Is a QTIP Trust? - May 25, 2023
