Man’s best friend often overlooked in the estate planning process

When you plan your estate and write up your last will and testament in Lee County, FL, you have a lot to think about. What will you do with all your assets? Will they be divided up amongst your children or would it be better to give them to your favorite charity? Who will be your executor? These are just a few of the questions that can come to mind when writing up an estate plan.

One thing that you might not think about, but that is equally as important as all the rest, is what will happen to your pets after you pass on. Your pets are probably very important to you and making sure they are properly cared for after you are gone is something you should plan for.

Experts recommend that you make a verbal and written plan about how your pets should be taken care of after you die. These plans can be included in your will or a living trust.

You may also wish to include provisions that allow for the cost of caring for your pet. This money can go into a pet trust and ensures that the person you select to care for your pet can do so without feeling strained financially.

When pets are overlooked in estate planning, they are often the subjects of disagreements among remaining family members over who should get them. In situations where no one agrees to care for them, they are usually taken to an animal shelter where their fate can be less than ideal.

If you do not want this to happen to your beloved pets, make sure you speak to your lawyer about including them in your will.

Source: Coloradoan, “What happens to Fido when I’m gone?” Sarah Jane Kyle, April 22, 2013

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