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Pet Trust Planning Attorney in Boca Raton
If you do not plan, your pet may be negatively affected once you cannot care for them anymore. Your family may not want or know how to properly care for your animals. Without detailed instructions to help them, your family may not accept the challenge. A pet trust can help avoid changing your pet’s life or routine.
A pet trust is a type of trust that essentially acts as a manual for caring for your pet. In addition to detailed instructions, you can place money aside for your trustee to pay for your pet’s care. These resources alleviate the financial burden of caring for an animal.
How do Pet Trusts work?
A pet owner can create a pet trust and include it in their Estate Plan. A pet trust is a legal agreement between the pet owner and the person they appoint to act as a trustee.
- The trustee of your pet trust has the legal right to enforce the terms. You can name your trustee. The person you choose to serve as trustee should be able to carry out its terms. If you do not name a trustee, the court can appoint someone to serve as the trustee.
- Pet trust funds can only pay for the care of the animal. Any remaining funds after your pet die become a part of the owner’s estate and are used to satisfy estate debts or given to other heirs.
- A pet trust terminates after the death of the last pet named in the document.
For a free legal consultation with a Estate Planning lawyer serving Boca Raton, call 561-955-8515
What is a Pet Trustee responsible for?
A pet trustee’s responsibilities include:
- Ensure the trust property is well-managed;
- Make sure your pets get the medical care they need;
- Got to court to enforce the terms of the trust, if necessary;
- Participate in the Probate process, if needed;
- Ensure the trust is terminated at the end of your pet’s life.
Boca Raton Pet Trusts Lawyer Near Me 561-955-8515
What does Florida law allow as part of my Pet Trust?
It wasn’t until 2002 that the state of Florida allowed any type of Estate Planning to be available for someone’s pet.
Pet Trusts help pet owners protect their fur babies by letting them leave specific instructions regarding their wishes for the care of their animals.
They are helpful because they give legal validity to your interests. The people that survive you will have a hard time going against your desires because they are in a legal document.
Pet Trusts are complex, and there are some limitations. For example, pet owners may not leave their entire fortune to their pets using a pet trust. Florida courts will reduce the money allocated to care for an animal to make it more proportionate to the pet’s needs.
If you’ve decided that a pet trust is for you, now’s the time to start thinking about who you want to care for your pet.
Here are some initial steps you can take to get started:
- Find someone you trust and that is willing to take on the responsibility.
- Name a successor in case something happens to your first choice
- Discuss the care your pet needs and what you want for your pet with your designated caregiver.
- Write down your plan.
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Pet Trust Planning is important.
There is no automatic guarantee your pets will be cared for after you pass away.
Your pets cannot advocate for themselves. They need your help. Pet Trusts allow you to be prepared to give your pets a good quality of life once you can no longer care for them yourself.
An estate attorney with experience with pet Trusts can help you lock down an air-tight plan care plan for your little loved ones.
Creating a pet trust relieves you from wondering whether your pets will have what they need to live a happy and healthy life after you pass.
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Benefits of Pet Trust Planning
There are many advantages of creating a will or trust while you’re alive and well:
Provide for your pets if you are incapacitated
The terms of a pet trust can become effective during the owner’s life. Your pet trust can help protect your pet if you cannot care for them because of illness or injury.
Create a safety net for your pets
Trustees must use pet care funds for the pets. They are legally obligated to follow the terms of a pet trust and may face legal trouble if they use the money for another purpose.
Care for specific medical needs
Pet Trusts are especially beneficial if your pet has medical issues. For example, your pet Trusts can list names and dosages for medications, the name of your veterinarian, or details about a specific diet your pet must follow.
Direct trustees what they should do with excess funds
The pet trust terminates when the animal dies or if it covers more than one pet when the last pet dies. If money is left, you can instruct your trustee to return unused assets to your estate or donate them to charity.
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