Don't Forget to Plan for Your Pets
What will happen to your pets when you die? If you do not have an answer to this, or if the answer that comes to mind terrifies or saddens you, then contact us. We can help! Estate planning is about all family members - even those of the four-legged variety!
Roughly 65% of all American households include at least one pet. Does your current estate plan include instructions for the care of your pet?
It could be as basic as writing out instructions (or recording a Reflections video) detailing how your pet should be cared for - what food your pet likes, where she likes to be scratched, how often she is walked, the vet she sees, her medical history, her favorite toy, etc. - or simply naming someone to take care of your pet once you are no longer capable of doing so.
Your plan could also include setting aside assets in a trust to fund your pet's care so as to not create a financial burden for the named caretaker. You may even incorporate special powers into a Power of Attorney so that someone you select can make pet-care decisions in the event of your disability.
For more ideas of how to include your pet in your estate plan, give us a call to set up a consultation.