Kent Larsson writes about the proper use of wills, advance directives, trusts, and other estate planning tools, and how how they play a vital role in you receiving proper medical care and helping you to preserve and pass on your assets to your loved ones.
Troy and Tiger included in New York woman’s will.
Pets seem to becoming more important in family life than in the past. A New York woman left behind specific instructions on caring for her cats, according to Fox News in "New York widow leaves $300G to her cats."
A New York widow named Ellen Frey-Wouters left $300,000 for her cats. She instructed that the money be used so the two cats, Troy and Tiger, would never be caged and would always receive good care.
More and more people are viewing their pets as something more than mere animals they possess. Pets offer companionship and many people view them with as much love as they do human family members.
This leads to the desire to make sure that pets are taken care of, after the owner passes away.
You do not have to be wealthy to leave something behind for the care of your pets.
Estate planning attorneys can draw up plans for just about anyone to leave some money and instructions for how their pets should be treated.
It can be done through wills or through specially designed pet trusts.
An estate planning attorney can advise you on creating an estate plan that meets your unique circumstances, which could include arranging for the safety of your pets.
Reference: Fox News (Aug. 22, 2017) "New York widow leaves $300G to her cats."
If your pet is treated as a member of the family, you may consider cremation and keeping the ashes at home.
Not everyone sees pets as members of the family. However, there is a trend for pets to be treated in death the way they were treated in life.
This has resulted in a growing trend for funeral homes to offer cremation for pets, according to PA in "Pet Cremation Industry Gains Popularity."
For the relative small price of a few hundred dollars, people can have their pets cremated. The price normally includes an urn to hold the ashes, which people can take home with them.
Perhaps more important than what will be done with your pet when it passes away, is what will be done with your pet when you pass away.
Your pet cannot get a job to support itself. You might treat it like any other human family member, but it is not that human.
Therefore, if you want to make sure your pet is taken care of, you need to make plans. There are several different ways that you can do so in an estate plan.
You can designate someone to take care of your pet and set money aside for that purpose. You can even create a pet trust with your pet as the beneficiary.
An estate planning attorney can guide you in creating an estate plan that meets your unique circumstances, including how you may want your pet to be cared for after you pass away.
Reference: PA (June 23, 2017) "Pet Cremation Industry Gains Popularity."