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In California, a pet trust is primarily used to allocate funds and any wishes on behalf of a pet. This can be done in several different ways. A pet trust can be made through a will, as a part of a revocable living trust, or a stand-alone trust.
But in the eyes of the law, pets are considered property, and you can't use your will to leave them an inheritance. However, you can still provide for your pets' care when you make a will by naming a ?pet guardian,? a.k.a. a beneficiary for your pet.
Animals can't be named as beneficiaries of retirement accounts or any other assets. To fund your pet's ongoing care, you can leave money to an intended guardian directly in your will or create a pet trust. An attorney can help you set up estate planning documents to include your pet.
I give all of my pet(s) to my Executor with the direction that the Executor (i) deliver my pet(s) to ____________ if he/she survives me with the request that he/she take custody of my dog(s) and provide them with a good home or if _____________ does not survive me or if he/she is unable to take custody of my dogs, (ii) ...
While you may consider your pet part of the family, you unfortunately can't name your pet as a life insurance beneficiary. You can, however, make sure your furry friend is taken care of if anything were to happen to you.