A will is not the most secure legal tool to ensure the long-term care of one’s pets in the event of death or disability.
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Read the entire post: Pet Trusts: Why a Will is Not Enough Posted By : Kevin Von Tungeln
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- A "traditional pet trust" is effective in all states. A "statutory pet trust" derives its authority from a statute in the state in which the pet owner resides; statutory pet trusts are currently authorized in 37 states.
- In California, a pet's designated trustee and/or caregiver is legally obligated to provide long-term care for the pet according to the pet owner's instructions.
- You can draw up a pet trust that will take effect while you are still alive, or following your death.
- You can fund a pet trust while you are still alive, or through the sale of your estate in the event of your death.
- You can fund a pet trust while you are still alive, or through the sale of your estate in the event of your death.
