Yes, however, like any estate planning technique it is important that you create this portion of your estate plan correctly so that it cannot be successfully challenged after your death.
While many of us do not expect to outlive our dogs, cats, and other pets, it can be troubling to think about what would happen if our pets were to survive us. Would they become a financial burden on our children? Would anyone know how to care for them? Would they be forced into a shelter? Would they live?
Don’t Go to Sleep Tonight With These Questions in Your Head
The State of California recognizes the importance of estate planning to care for pets. Thus, there are ways to create a trust for the financial benefit of your pet and to name the people whom you would want to care for our pet when you die. Your pet may have no need for spending money, but a trust can provide for his vet bills, food, and grooming needs so that the person who cares for him does not have to incur these significant costs.
The easiest way to establish a trust and to name a custodian for your pet is to consult with an experienced estate planning lawyer. This is not something that you want to get wrong. Your pet is too important for that. Instead, you can go to sleep tonight knowing that should a tragic accident occur, that your pet would be well cared for in your absence.
For more information, please start a live chat with us now or contact us via this website. We would be happy to answer your questions and to help you create the estate planning documents that are necessary to care for your pet.