Pet Trust Form For Trust
Description
How to fill out Bequest In Trust For The Care And Maintenance Of Pet (Short Form?
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FAQ
In fact, more and more states are passing laws that allow pet owners to establish pet trusts. 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.
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.
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).
With a pet trust, you can leave money to be used for the care of your dog or other animal. You put someone in charge of managing and spending it, following a written set of instructions that you provide. Until relatively recently, most states didn't allow trusts for animals.
