If you are like my wife and I, you consider your pets as part of the family. You do everything you can to make sure that they are happy, healthy and well cared for. Having a Pet Trust can make sure that they are happy, healthy and well cared for after you are gone.
Let me introduce you to my furry children, Sam, Millie and Dot.
My first children, twin boys, arrived in April 2016. Despite that fact, I have been a father for over nine years to those wonderful pups you see above.
My wife and I do just about everything we can to make sure that our pups have a wonderful life. We give them lots of love; they give us companionship and their unfettered devotion. The things we do for our dogs is really endless. We would never imagine leaving their care and future uncertain.
It is very likely that we will outlive our furry children, but not a certainty. To be certain that Sam, Millie and Dot are cared for if we are unable to, we plan for them just like we plan for our boys.
The plan is by way of a Pet Trust incorporated in our Estate Plan. Pet Trusts are specifically allowed for by law in Oregon. Oregon Revised Statute § 130.185 gives the specifics for creating and administering a Pet Trust. Having a Pet Trust in place can ensure that there are funds available and a caretaking system is in place to care for your Pets. A PET TRUST is a legal document you can create to ensure that your Pets will be cared for, as you have cared for them.
With a Pet Trust You Can:
- Appoint a Caregiver and at least one backup Caregiver to provide care for your Pets.
- Appoint a Trustee to make sure that the Caregiver is doing his or her job.
- Protect the money designated for your Pets and ensure that it lasts for the duration of your Pets’ lives.
- Give direction regarding healthcare needs, exercise needs, diet needs, preferred veterinarian, and burial/cremation plans for your Pets.
- Provide that any funds remaining in trust at the death of your Pets goes to charity or a family member of your choice.
- Provide a method for finding a Caregiver in the event that the Caregiver, or the backup Caregiver, you have selected is unavailable.
Protecting pets is something I am very passionate about; if you share my passion please schedule a time for us to determine if a Pet Trust should be part of your Estate Plan.