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Estate Plan Can Include Consideration for Your Pets

Posted by Nina Whitehurst | Dec 08, 2017 | 0 Comments

Pomeranian

More and more people are protecting pets in their estate plans, as well as their loved ones.

There are some tips that should be considered, if you plan to protect your pets after you pass away, according to the Wall Street Journal in "Estate Plans Don't Have to Be Just For People."

The tips include:

  • Think about who should be the caregiver for your pets and make sure your choice is willing to serve in that role.
  • Figure out how much money your pets might need to maintain their lifestyle and set aside that money for them.
  • Think about everything that needs to be done to properly care for your pets and make sure you have it all written down, so the caregiver will know what to do.
  • Be sure to visit an estate planning attorney so you can formalize your plans. The attorney will help you decide the best legal instrument to make sure your plans will be carried out. In addition, the attorney will draft those documents so a court will accept them as valid.

Reference: Wall Street Journal (Nov. 5, 2017) "Estate Plans Don't Have to Be Just For People."

About the Author

Nina Whitehurst

Attorney at Law Nina has been practicing law for over 30 years in the areas of estate planning, real estate and business law She is currently licensed in Alaska, Arizona, California, Colorado, Oregon and Tennessee. Her Martindale-Hubbell attorney rating is the highest achievable: 5 stars in peer...

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