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For many of us, pets are cherished family members, offering love, companionship, and joy. But have you considered what would happen to your pet if you could no longer care for them? While estate planning for pets was once associated with the ultra-wealthy, today, more people recognize the importance of ensuring their pets are provided for, regardless of their financial status.

Why Your Estate Plan Should Include Your Pet
Pets rely on us for everything, from daily meals to medical care and affection. In the event of your passing or incapacity, their future could become uncertain. By including your pet in your estate plan, you can:
• Appoint a caregiver who will be responsible for your pet.
• Allocate funds specifically for your pet’s ongoing care.
• Provide detailed instructions to maintain your pet’s well-being and routine.

The Role of Pet Trusts
Pet trusts have become an increasingly popular tool in estate planning. Unlike a simple provision in a will, a pet trust offers the flexibility to provide for your pet in cases of death and incapacity. This type of trust allows you to name a caregiver, set aside funds for your pet’s needs, and specify how those funds should be used.

Whether you want to outline your pet’s diet, medical care, or even their favorite toys, a pet trust can ensure they continue receiving the love and care they need. A pet trust can be a stand-alone trust or incorporated into your living trust.

Determining the Right Amount for Your Pet’s Care
A common question in pet estate planning is, “How much should I allocate for my pet’s care?” The answer varies depending on factors like the pet’s age, species, and potential medical expenses. When deciding on a reasonable amount, it’s essential to consider costs like veterinary care, food, grooming, and other necessities.

Most pets won’t need a fortune, but ensuring sufficient funds are available to maintain their quality of life is wise. Your estate planning attorney can help you estimate an appropriate amount based on your pet’s needs.

Key Considerations for Including Pets in Your Estate Plan
When planning for your pet’s future, here are some crucial elements to include:
• Designated caregiver: Choose someone you trust who is willing to take on the responsibility. It’s also good to name an alternate caregiver as a backup.
• Care instructions: Provide detailed guidance on your pet’s diet, medical requirements, and daily routine to ensure continuity of care.
• Funding: Set aside a sum that will cover your pet’s expenses for their expected lifespan, adjusted for inflation and potential medical issues.

Protecting All Family Members—Even the Four-Legged Ones
As more people recognize the value of including pets in their estate plans, it’s clear that this isn’t just a trend for the wealthy. Whether you’re a long-time pet owner or newly welcoming a pet, ensuring their future care is a responsible and loving decision.

At Botti & Morison Estate Planning Attorneys, we’re here to help you craft a comprehensive estate plan covering every family member, including your pets. If you have questions about how to secure your pet’s future, please reach out to us.

Thanks for reading.
Christopher E. Botti, Esq., Certified Specialist in Estate Planning, Trust and Probate Law