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pet trust Tag

Estate Planning for Pets

pet trust

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...

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