Americans love their pets. They are regarded as family and are deeply loved. So, it may only be natural that pets are sometimes included in estate planning. While a pet cannot legally inherit property in the State of Florida, there have already been high profile cases in other states of pets inheriting massive fortunes, but what about ordinary families or individuals? Why would they sit with their lawyer in Tampa to talk about the future of their pet? Well, some may wish that their beloved pets are cared for when they pass away. Individuals may meet with their lawyer in Tampa to talk about planning for their pet or pets in their trust in order to have them looked after. If you are unsure about the procedures involving the inclusion of pets to any estate plans, then it would be best to inquire with a lawyer in Tampa about how best to proceed. In the meantime, take a look at some of the pitfalls you will want to avoid when including your beloved pets in your estate plan.
Establishing a Pet Trust
A pet trust can be established for the care of one or more pets. The trust will remain in effect until the last pet has passed away. Once a pet trust is established, additional provisions may be necessary in order to effectively communicate your wishes. For example, you may want to think about daily requirements for your pet or pets, and how you would like to provide for their medical and emergency care. The next section will go into more detail about the importance of naming a caretaker for your pet trust.
Naming a Caretaker
One of the first steps you can take in order to avoid your pets being stuck in limbo is to name a caretaker in your trust. By naming a caretaker for your pets, whom you feel will competently care for your pet, you are choosing to secure the future of your pet. You can choose to allocate money towards paying the caretaker for caring for your pet and set guidelines as to what expenses your trust will cover for your pet’s care.
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