Hablamos Español
Estate Planning for Pets in Florida | Call (561) 955-8515

In 2007, American businesswoman Leona Helmsley died, leaving $12 million to her dog via a trust.

It made for a funny news story, but behind the humor lies an important question: what happens if you predecease your pet? Roughly 65% of Americans own pets, so it’s an important question.

Trusts are the best legal option you have if you would like to have control over how your pet is take care of. To set up a pet trust, you should contact an estate planning attorney.

Trusts for Pets

Pet trusts can get pretty complicated, but there are seven things you definitely have to decide before you begin setting things up.

They are:

  • which pets the trust covers.
  • which caretaker you’re entrusting the pets with.
  • the amount of money you’re leaving behind for the pet’s care.
  • how that money should be used to take care of the pet.
  • the person who goes to court should the trust not be properly carried out.
  • what happens to money left over after the pet’s demise.
  • what happens if you can’t take care of the pet while you’re still alive.

Control is the biggest advantage of the pet trust, but it also comes with a disadvantage. It can be inflexible if the situation of the pet or new caretaker changes.

Securing Your Pet’s Future

It’s good to be confident about your pet’s future.

Unfortunately, pet trust laws can vary from state to state. In fact, there’s even one state where pet trusts aren’t allowed.

If you want to cut through the legal morass and understand how to ensure your pet’s future, make sure to call The Siegel Law Group, P.A. Our office numbers are 561-955-8515 and 855-FLA-ESTATE

Subscribe to our newsletter

Medicaid Planning Attorney | Boca Raton, FL | Call 561-955-8515

Now is the time.

Protect yourself and those you love.

At the Siegel Law Group, we help South Florida families, seniors, and their loved ones prepare for the future.

Whether you need to create or update your estate plan, are preparing for long-term care, have a loved one entering or in a nursing home, or need to develop a strategy for your business, we are here to assist you.

Take your first step by contacting us for a complimentary consultation today.

Estate Planning Checklist | Boca Raton, FL | Call 561-955-8515

Before you go…

7 Steps to Make Sure Your Estate Plan is in Order

Make smart choices to protect your loved ones. Download our FREE guide.