If you have concerns about predeceasing your pet, there is a viable estate planning option in the form of a pet trust. Clearly, this would be relevant to senior citizens, and younger pet owners may want to have a plan in place as a purely precautionary measure. Caretaker The first order of business is to designate a caretaker that will actually care for the pet on a day-to-day basis if it becomes necessary. Ideally, this will be someone that has an existing relationship with your pet. If … [Read more...] about How Does a Pet Trust Work?
Nirenstein, Horowitz & Associates P.C.
Estate Planning | Making a Difference One Family at a Time
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