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A pet trust allows you to control how your pet will be cared for in the event of your death. Setting up a pet trust allows you to leave money for your pet's care and even name a guardian for your pet.
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.
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.
Unfortunately, you can't make your pet the recipient of your life insurance benefit. This might seem unfair, but legally, an animal isn't a person.
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.