[aageneral] Caring For Your Pets After You Die

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Article Title:
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Caring For Your Pets After You Die

Article Description:
====================
Would Fido and Fluffy be provided for in the event of your
untimley death or if you became incapacitated? Here's how you
can insure that your pets get the proper care in the event
that you're not able to give it to them.

Additional Article Information:
===============================
516 Words; formatted to 65 Characters per Line
Distribution Date and Time: Thu Jun 30 18:34:53 EDT 2005

Written By: Gene Sower
Copyright: 2005
Contact Email: mailto:gene.sower@thephantomwriters.com

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Caring For Your Pets After You Die
Copyright © 2005 Gene Sower
Lucy The Wonder Dog, LLC
http://www.lucythewonderdog.com/

While you may be planning to outlive your pets, what if something
were to happen to you? Would Fido and Fluffy be provided for in
the event of your untimley death or if you became incapacitated?
Here's how you can insure that your pets get the proper care in
the event that you're not able to give it to them.

According to a recent New York Times article, "leaving money to
your pet became legally possible in 1990 when a section
validating trusts for domestic animals was added to the Uniform
Probate Code" which governs these types of matters. And laws in
27 states now allow pet owners to set up trusts for their pets to
pay for their care should you die or become incapacitated. And
more states, including Connecticut, Hawaii, Massachusetts,
Oregon, Pennsylvania and Texas, all have pet trust legislation
pending.

A trust for your pet is really no different than a trust for your
children. It basically is a legal document that is tied to a sum
of money set aside in a bank account with a trustee named to
manage the account on behalf of the person establishing the
trust.

For instance, my wife and I both have insurance trusts set up to
benefit our son in the event of our becoming incapacitated or
deaths. My wife is the executor of my trust as well as the
primary beneficiary and I'm the executor and beneficiary of her
trust with our son the secondary beneficiary of both trusts. In
the event that something were to happen to both my wife and I at
the same time, my sister and my wife's brother have been named as
co-executors. They have explicit instructions spelled out within
the trust on how we want our insurance policies disbursed to each
other or to our son.

Same with pets.

The NY Times article went on to report that unless specific
instructions are left in a will or with other family members,
pets are often given up or displaced with nearly 500,000 pets
killed in shelters and vet offices each year after their owners
die and the pets become abandoned.

Setting up a trust fund can cost a few hundred dollars or even a
lot less if you do it at the same time that you draw up a regular
will. And speaking of wills, yes, you can provide for the care
of your pets in a regular will but that only kicks in upon your
death and not if you're seriously ill or incapacitated. And
experts also caution not to leave excessive amounts of money to
pets that may cause challenges from other heirs. If you want
your pet to continue living in the style it's accustomed to,
$5,000 - $10,000 per animal should suffice. Some people leave
more and some less. It's entirely up to you.

The Humane Society of the United States offers a free kit that
helps you evaluate your pets' future without you. It includes a
six-page fact sheet, caregiver forms and more. You can contact
them at 202.452.1100 or via email at
mailto:petsinwillsrp@hsus.org

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Written by Gene R. Sower
Owner
Lucy The Wonder Dog, LLC
http://www.lucythewonderdog.com
Publisher of the DOG BYTES Newsletter
"News and information for the health & wellness of your dog (cat,
too!)" Get your complimentary subscription to DOG BYTES here:
http://www.lucy-the-dog.com/dogbytnew1.html

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