Pet Trust Form With Trust
Description
How to fill out Bequest In Trust For The Care And Maintenance Of Pet (Short Form?
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FAQ
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.
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.
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).
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.
