Bingham Legal Group PC

Bingham legal group

Call: 248-952-8783
Email Us

Additional considerations for pet trusts

In several posts on this blog, we discussed setting up a trust plan to make sure your pets are taken care of if you are incapacitated or pass away before they do. As we pointed out, a pet trust may be the most effective way in ensuring the needs of your “fur babies” are met. At the Bingham Legal Group PC, we understand that you and other Detroit residents want to be sure your loved ones, including your pets, are provided for.

As you know, a pet trust can provide specific instructions for the trustee regarding veterinary care, a specific type of pet food and how to care for the animals. According to the ASPCA, your pet trust can be as detailed as you wish. You might also want to consider the scope of the responsibility you are asking of your designated trustee. Dogs and cats can live well over a decade, and some animals, including parrots, may live for much longer. Typically, you would fund the pet trust to cover the expenses of taking care of the animals. It may also be a nice gesture to include a monetary reward or other asset, such as a treasured heirloom, as a thank-you to the trustee for taking over these responsibilities.

If your preferred trustee, such as a sibling or adult child, agrees to care for your pets, you might feel as if nothing else needs to be done, besides setting up the trust’s instructions and naming him or her as trustee. However, it is wise to consider the possibility that, even if he or she is willing, the trustee may not be able to care for your pets for the rest of their lives. Your trustee may develop an allergy or could experience an unforeseen circumstance. He or she might unexpectedly pass away. Therefore, it would be prudent to name a second and possibly a third trustee to cover any of these uncertainties. You may learn more about planning for your loved ones by visiting our page on trusts.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Plan For And Protect Your Future

For an appointment and consultation, call an attorney at 248-952-8783 or contact us online. Bingham Legal Group PC is a full-service estate planning and probate firm providing counsel and service to individuals and businesses in Bingham Farms, the greater metropolitan Detroit area and throughout Michigan.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Bingham legal group

30100 Telegraph Road, Suite 360
Bingham Farms, MI 48025

Phone: 248-952-8783
Fax: 248-642-3207
Bingham Farms Law Office Map