Have you thought about what happens to your pet when you die? Pet trusts can assure your pet’s well being.
Many of us have pets who add joy to our lives. But what happens to them after you are gone? Who will take care of them as well as you did? Your children may be too far away to take your dog or cat. Or they may not want your pet because they have their own.
There is good news for Florida residents! The Florida legislature enacted a law to allow “pet trusts.” What this means is that you can leave a portion of your estate to provide good care for your pet after you die. You get to choose the amount to leave, who you would like to take care of your pet, and you can even name someone to make sure the care giver does his or her job! Your trust can provide for care for more than one pet. It is limited to pets born at the time of your death.