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Other
Pet Planning Options
If a Pet Trust isn’t right for you, there are
other options to plan for your pets in the event that
something happens to you.
Will
–
Depending on your situation, a Testamentary Bequest
(remembering your pet in your Will) may be adequate
to protect your pet in the event of your death.
If you have a close friend or relative who you are
sure will act as a “Caretaker”, and
use the money you leave them in your will to care
for your pet, this option may achieve your goals
of ensuring the pet’s comfort and continuity
of care. While Pet Trusts might be the most binding
option, a trust might not be necessary in your situation.
Additionally, planning for your pet in your will
allows you to take the opportunity to plan for yourself
and your family as well!
Lifetime
Care –
Sanctuaries, Perpetual Care, Adoption - For people
who have no one that can serve as a potential caregiver;
animal sanctuaries and perpetual care facilities
can be good options but may not be able to provide
the level of care your pet is accustomed to. One
of the most well known perpetual care facilities
is the Stevenson Companion Animal Life-Care Center
at Texas A&M University. Adoption programs through
recognized national organizations exist, which will
accept and care for your pet while a qualified adoptive
home is located. Specific breed rescue organizations
may also accept your pet and provide “foster
care” in a private home while the organization
locates a qualified adoptive home. With respect
to any of these selections, it is imperative to
plan ahead and give direction on where you want
your pet to go, and make sure the financial arrangements
are settled by contract or in your will.
The
attorneys at The Clary Firm, P.C. will be happy
to help you select the right option to
plan ahead for your pet.
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