If you are one of the millions of Americans who considers a beloved pet to be part of the family, then you undoubtedly worry about what will happen to your pet when you are no longer here to take care of him or her. The good news is that with proper estate planning, you can provide for your pet’s care after your death by creating a pet trust. A pet trust operates in the same basic fashion as any other trust. As the grantor of the trust, you are able to appoint a trustee and a beneficiary (your … [Read more...] about Pet Trusts
When you own a dog or a cat (or any other type of pet) as a senior citizen you gain a lot of benefits. The companionship that a pet can provide can be priceless to a person who may be experiencing a bit of loneliness. Pets provide hours of free entertainment, and they can help to keep you active as you endeavor to give your pet adequate exercise. At the same time, you do have to concern yourself with the possibility of passing away while your pet is still alive. Many people wonder exactly how … [Read more...] about Download Free Report on Nevada Pet Trusts
Life is precious and longevity is welcomed by most, but there are also some challenges that go along with it. When you live to an advanced age you may outlive your spouse, siblings and extended family members and friends. If you are long retired you probably don't have regular interaction with coworkers. As a result, loneliness can set in. If you find yourself in this position you may be able to fill the void by adopting or buying a dog, cat or other pet. In one fell swoop you have a best … [Read more...] about A Small but Potent Solution for Lonely Seniors
If you are like millions of Americans, you probably own at least one pet. Have you taken the time to consider what will happen to your pet when you die? If you haven’t, now is the time to do so before it is too late. When you die, your assets will all be secured until your executor or personal representative has the chance to inventory them and file the proper documents with the probate court. But what about your pet? Someone needs to look after your pet immediately after you die. A well … [Read more...] about What Will Happen to Your Pet When You Die?
Anyone who owns a pet knows the love that can be shared between a human and an animal. Not surprisingly, many people want to make sure their pet is properly cared for in the event of their death in the same way they want to make sure family members are taken care of financially. One way to do that is to create a pet trust. Although a pet trust is a wonderful estate planning tool, be sure that you do not create a probate nightmare as a result of the terms of your pet trust as did the late Leona … [Read more...] about Leona Helmsley and the Pet Trust–An Example of Bad Estate Planning
Unfortunately, stories of Marines returning home from combat are not uncommon. Likewise, stories of dog owners who form a bond with their pet are also not uncommon. A story, however, that combines the two has moved thousands to get involved and lend support. Just as law enforcement officers are sometimes paired with a canine partner, military personnel can also be paired with a canine partner. Former Marine Cpl. Megan Leavey, 28, and her military service dog named Sgt. Rex completed over 100 … [Read more...] about Former Marine Fights for Her Partner — A German Shepherd Named Rex
Owning a dog is rewarding in a number of different ways, and for seniors a dog could provide a very welcome companion at a time when loneliness can be an issue. There is no replacing your family of course, but for many people, dogs are indeed man's best friend. You may find that a canine in the household will uplift your mood and perhaps even provide you with protection. If you are a dog owner you should consider who would be caring for your pet if you were to pass away before the animal. This … [Read more...] about Is Your Dog Provided For In Your Estate Plan?
Making sure that your assets are properly prepared for distribution to your loved ones after your passing can be an involved matter. Because there's so much to take into consideration it is easy to look past some of the finer details. If you are a pet owner, making sure that your dog or cat is provided for after your passing may be one of these matters that gets lost in the shuffle. You may just assume that it is something that will take care of itself, or that you will outlive your pet. While … [Read more...] about Is Your Pet Included In Your Estate Plan?
When you are working through your estate planning checklist you may have a lot of ground to cover depending on the size of your estate and the specificity of your wishes. And as we always remind our clients, estate planning is not something that you take care of in a day, a week, or a month. It is an ongoing process that is going to require adjustments because there are changes all around us. Our own lives change, tax laws are subject to revision, interest rates are always fluctuating, and the … [Read more...] about Don't Forget Your Pet