Arkansas Pet Trust Attorneys

What is a Pet Trust?
A pet trust is legal instrument that you can create to insure your pet receives proper care after you die or in the event of your disability.

There are lots of things to consider when you make the very serious decision to leave money behind in order to take care of your beloved pet. You might want to ask yourself these questions before you decide who to leave your pet to:

•    What type of animal do I have?
•    How much longer will he/she live?
•    What type of living conditions would I like for my pet?
•    Is there any individual I can trust with my pet?
•    Do I have adequate funds for medical services?

It is important to remember that adequate funds must be included to provide the animal with proper care. Proper care for your pet includes finding a pet sitter or professional boarding house. You should avoid transferring an unreasonably large amount of money or other property to your pet trust because such a gift is likely to encourage your heirs and beneficiaries to contest the trust.  

What else should I know about Pet Trusts?
It is very important that you consider naming a remainder beneficiary otherwise known as any person, organization, or designated group to receive any remaining trust property after your pet dies.  

What should happen to the remaining property when my pet passes away?
Many pet owners elect to have any remaining property pass to a charitable organization that assists the same type of animal that was covered by the trust.

If you have a beloved pet, or know a loved one that is considering what to do after they pass away in regards to their animal, please contact the pet trusts attorneys at Plastiras Law Firm today.