providing for your pets

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Home Pet talk » Blog Archive » Providing for Your Pets

Providing for Your Pets

Just before leaving for her trip to

Florida this Christmas, my cousin Jean updated her will. As the executor of her estate, she dropped me a note to tell me about the changes, “just in case”. Annie the horse is now going to an old friend down the road, and she wanted to make sure the animal shelter where she volunteers on Saturdays would get some money too.

Nowadays, making sure your pets are cared for after your death is pretty common. And you don’t have to be a Leona Helmsley either. Most people instruct the heirs to find good homes for the pets, or to care for them out of a fund left to the animal itself. In fact lawyers now report that it is fairly common for people to leave up to a million dollars in pet trusts.

Since 1998, 39 states have passed laws that have made leaving money for pet care legal. And in 1993 Texas A&M started taking reservations for a pet care facility like none other in the

United States. The pets will arrive when the owners pass away and will be cared for until their deaths—whenever that may be. In order to enroll, the animal owner donates between $50,000.00 and $100,000.00 as an endowment to the university. The money helps fund veterinary research and scholarships, as well as the care of the pet.

Pet retirement homes are springing up now to fulfill the need for ageing boomers who are concerned about their pet’s futures. Remember if you are considering a home for your pet instead of assigning a trustee and caretaker; make sure the company is above board. You need to do your homework just as you would if you were considering a home for a human family member.

This entry was posted on Friday, December 28th, 2007 at 6:51 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Providing for Your Pets”

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July 20th, 2008 at 10:52 pm
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