Estate Planning for Our Pets
Author: Ramona Marek, MS Ed.
It’s hard to picture a future without your pets, but it’s also important to think about what may happen to them if something happens to you. Star planning now.
We pan for so many life events like milestone birthday parties, graduations, and weddings, yet we frequently postpone planning the major life event we all face – our death and distribution of our earthly possessions. Simply put, life happens despite our best-laid plans (or lack of planning).
We like to think our family or friends will take in our pets and love them the same way we do. Sadly, and all too often, that isn’t the reality. Therefore, it is our responsibility to make plans now for our pet’s future should we die or become incapacitated.
In the not too distant past, the inclusion of pets in state planning was a novelty with stories abouts wealthy heiresses leaving their cat or dog 10 million dollars, a hotel pent-house and full-time staff to care for them/ fifteen years ago, there were less than a dozen attorneys with experience in this area. As the status of pets has evolved over the last 20 years from owned property to members of the family, laws are beginning to reflect the change so that it is now possible to legally provide for a pet’s future care with provisions established in a pet trust.
Creating a Pet Trust
A pet trust is a legal arrangement that provides specified terms and care for one or more pets in the event of the owner’s death or disability. The person who established the pet trust is called the “settlor” and the entrusted person or entity responsible for handling the funds is the “trustee.” The trustee then delivers the pet to the designated caregiver and makes payments to the designated caregiver to cover the pet’s expenses.
There are different types of pet trusts each with advantages and disadvantages, and most states have pet trust laws - but the terms vary. For example, in some states the trust is in effect for the life of the animal, while in others the trust is in effect for the life of the animal or for 21 years (whichever comes first). This is crucially important for long-lived pets such as horses, parrots, and primate among others. Since this is a complex matter, a legal advisor can help you chose the best solution for you in accordance with the specific state laws.
In the traditional pet trust, the pet owner has the power to leave specific detailed instructions regarding pet care. There is peace of mind knowing that your pet will be cared for. End of life decisions and provisions for burial, cremation or memorial arrangements can also be specified.
The most important consideration of a pet trust is choosing a committed caregiver to care for the pet when the owner can no loner do so. Because situations change, it is wise to select at least one – re more – alternate caregivers and trustees in care one is unwilling or unable to fulfill the position. Things happen – someone in the family has allergies, they live in a place that doesn’t allow pets or maybe the person and pet aren’t compatible. Since the two positions come with immense responsibility, it’s best to discuss it with the people before actually designating them in the trust.
If you live in a state without pet trust laws or perhaps have a pet that could live longer than 21 years, there are other alternatives available. Again, an attorney can help you with solutions.
It is possible to make informal arrangements – oral or written – with family, friends, a veterinarian, pet sitter, neighbor, etc. for the care of a pet without the use of an attorney. However, the drawback is that the agreement isn’t legally enforceable.
Why wills aren’t a good idea.
People often think of wills as the best way to settle their estate and want to include a provision for their pets. However, this option is not advised for the safety o the pet. Provisions in a will do not go into effect until you die, and they mist go through “probate” – that is, be declared valid by a court.
This can sometimes be a long process because the will may be contested by beneficiaries, for example, and the provision for the pet can not be fulfilled until the dispute is resolved. As a result, a long gat of time can take place before the pet is actually cared for. Also, should the caregiver no longer want to care for the pet after the estate is settled, there is no legal recourse to find another caregiver and home. Additionally, it doesn’t protect your pet if you become incapacitated before you die.
Absence of family or friends
What if a person lives alone and has no family or friends to designate as caregivers for their pet? Amy Shever, founder of 2nd Chance 4 Pets, suggests three possible options including animal care panels, sanctuaries and perpetual care programs.
Shever suggests talking to your veterinarian, family, friends, pet sitter, etc. and establishing an “animal care panel” which then, through various means, would interview and choose the best person that would provide the best care for the pet.
If you consider a lifetime care facility such as a sanctuary or perpetual care facility, there are many considerations to think about and even more questions to ask. Firstly, understand that such a setting cannot provide the kind of attention given in a home. Shever recommends you thoroughly evaluate the facility or program and consider a legal contract for arrangement. She also recommends an on-site visit.
Questions to ask can include: how old is the program, how is it funded, what happens to the animals if the program closes, can the pets be adopted, what type of veterinary care is provided, what are the pets fed and whether they accept senior and/or special needs animals.
Regardless of the type of plan you choose, carry a Pet Alert card in your wallet to notify authorities you have a pet at home. The card identifies emergency caregivers and telephone numbers.
According to 2nd Chance 4 Pets, over 500,000 pets annually are orphaned due to an owner’s death or disability. One part of responsible pet ownership is providing for their lifetime care should they outlive us. Shelters are full of pets whose owners died without making provisions for their long-term care. Estate planning for your pet ensures peace of mind that your beloved pet will be cared for in accordance to your wishes. – Ramona Marek
Five Steps Toward Estate Planning
Choose the best plan: There several options available – including pet trusts – each with advantages and disadvantages. Talk to an attorney to choose the best plan for you and your pet based on your preferences and state laws.
Choose caregiver(s): Who will give the best care to your pet in the events of your death or disability? You may need someone specifically for immediate care and a different person for the lifetime care, or it may be the same person. This should be arranged with the individuals ahead of time because it’s a huge responsibility. Always carry an emergency pet ID card with the names and telephone numbers of people to contact.
Create a written plan: In this document, you state exactly how you want your pet to be cared for. Do you want a certain food fed, grooming once month, two or three vet visits a year? If you have more than one pet, do you want them to stay together? If your pet dies and money is left in the fund, how do you want it distributed? Many people donate it to an organization or charity.
Fund it: This covers all the expenses to care for your pet such as food, toys, supplies and vet care. It also may include a payment to the caregiver: The amount and any stipulations is up to you.
Now that you have your plan in place, let someone know where to find it. It does your pet no good if no one knows.
