Who Will Care for Your Pet When You Can't? - PowerPoint PPT Presentation

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Who Will Care for Your Pet When You Can't?

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When you die, or are even temporarily disabled, your pet may not be cared for. A pet trust gives you a peace of mind knowing that your beloved pet will be cared for even if you can no longer do it yourself. – PowerPoint PPT presentation

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Title: Who Will Care for Your Pet When You Can't?


1
WHO WILL CARE FOR YOUR PET WHEN YOU CANT?
2
Your pet is a piece of property
3
If you have a pet that you love and consider to
be a member of your family, you may be surprised
to learn that the law doesnt agree
4
Under the law, a pet is a piece of personal
property like a piece of jewelry, a piece of art
or a car
5
Technically, this means that when you die, or are
even temporarily disabled, your pet may not be
cared for
6
Assumptions
7
My child will take my pet and care for him or her
as I would There is no way that my pet can be
legally euthanized if I cant care for him or
her The person who takes my pet when I die wont
mind spending money on necessary expenses to
treat my pet like I would
8
My child will take my pet and care for him or her
as I would There is no way that my pet can be
legally euthanized if I cant care for him or
her The person who takes my pet when I die wont
mind spending money on necessary expenses to
treat my pet like I would
9
My child will take my pet and care for him or her
as I would There is no way that my pet can be
legally euthanized if I cant care for him or
her The person who takes my pet when I die wont
mind spending money on necessary expenses to
treat my pet like I would
10
Reality
11
Even if one of your children or another friend
or relative has told you that he or she will
take your pet when you die or if you cant care
for it, THINGS CHANGE
12
Here are just some examples
13
Here are just some examples Your child has
remarried and his or her new spouse is allergic
to animals
14
Here are just some examples Your child has
remarried and his or her new spouse is allergic
to animals Your friend who promised to take them
in has moved to an assisted living facility and
pets are not allowed
15
Here are just some examples Your child has
remarried and his or her new spouse is allergic
to animals Your friend who promised to take them
in has moved to an assisted living facility and
pets are not allowed The person who vowed to
care for your pets is unemployed and can barely
afford to feed their family
16
Just as with any other abandoned pet, yours can
be euthanized if there is no place available
other than an overcrowded shelter
17
Other people dont love your pet like you do, so
it is unlikely that it will receive the care
that you would want for it
18
Solutions
19
Now that you have seen that your assumptions may
not be correct, how do you ensure that your
beloved pet is cared for when you no longer can
do it yourself?
20
A Pet Trust Can Solve These Problems
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What is a pet trust?
22
Even if you are not familiar with trusts, youve
probably heard the term trust fund baby which
refers to a person receiving money put away for
them in a trust
23
With a pet trust, your pet becomes a trust fund
baby
24
What does a pet trust do?
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26
Instructions for Care
27
Only you know what kind of treats your pet
craves, what time of day it eats, its favorite
toy and its characteristics
28
Your pet trust can specify all of these details
to ensure that your pet will more easily
transition into another environment
29
Funding the pet trust
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If you designate someone to care for your pet,
the best chance of having them spend an adequate
amount of money for its care is to provide those
funds to them
31
The pet trust will specify where the money will
come from, e.g., a special trust account or other
source, and how it should be spent
32
Who will care for your pet?
33
Just as you would name a guardian for a minor
child if you couldnt care for them, you can do
the same with a pet trust
34
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35
What does it cost?
36
Most pet trusts cost less than a routine vet
visit, or not much more than a monthly grooming
37
Cost range depends on factors like
38
Whatever the cost, it is worth it to have the
peace of mind that your beloved companion will
have the care it deserves when you can no longer
provide it
39
Shelters across the country are full of pets who
are abandoned because their owners could no
longer care for them
40
Dont let yours be one of them
41
Pet Trusts Are Not Just for Celebrities Provide
for Your Pet with Pet Planning Download Your Free
Report on Pet Trusts
Click to visit
arkansas-estateplanning.com
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