Pet Trusts | Felinton Elder Law Estate Planning Asset Protection
July 13, 2012

Pet Trusts

IF YOU ARE CONCERNED about the welfare of Your Pet when you pass away or become incapacitated, our “Pet Trust” ensures that your beloved friend and companion will be protected.

WHO WILL CARE FOR YOUR DOG OR CAT WHEN YOU PASS AWAY? What will happen to your bird should you become incapacitated?

SETTING UP A TRUST FOR YOUR PET is much like setting one up for a person. The trust is a legal entity into which you put money and then designate a trustee who is responsible to safeguard and administer the money. In the case of a pet trust, you designate a caregiver and then the trustee is in charge of making payments to the caregiver for your pet’s expenses (special dietary needs, grooming, pet toys, veterinary care, etc.).