Pet Trust Format For Client
Description
How to fill out Bequest In Trust For The Care And Maintenance Of Pet (Short 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).
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.
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.
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.
