Trust Format Pet For Yahoo
Description
How to fill out Bequest In Trust For The Care And Maintenance Of Pet (Long Form)?
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FAQ
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) ...
Determine the amount of funds needed to adequately cover the expenses of administering the pet trust; Designate a remainder beneficiary in the event the funds in the pet trust are not exhausted; Provide instructions for the final disposition of your pet (for example, burial or cremation).
Ing to the law, pets are considered property and part of your estate, so you cannot legally leave money or any assets to a pet in your Last Will and Testament. Basically, property cannot inherit property.
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.
One of the main benefits of a pet trust is that it ensures your pet will be taken care of ing to your wishes and by someone you trust. This is especially important for owners who have pets with special needs, such as those with medical conditions or behavioral issues.