Providing For Your Pet After You Pass – Using a Pet Estate

Whatever your reaction to pet estate planning, I know that you adore your pet. In fact, statistics show that you feel even more strongly than that. In a recent poll, 9 out of 10 people said that their pet was considered a member of the family. But, have you considered what will happen to your pet after you’re gone?

Take a look at the graphic we created this week about pet estate planning. It provides a quick resource about your three big options when it comes to your furry friend.

Option 1: Do nothing, trust that your family or friends will know what to do when you’re gone.

Option 2: Put your pet in your Will (of course, you can’t leave your pet anything, but you can provide some instructions on how you want your pet to be cared for). These instructions are non-binding, but they communicate your wishes to your heirs.

Option 3: Create a Pet Trust. A pet trust is a legally binding document that allows you to specify who should care for your pet, detail how you want your pet cared for, and provide the funds to support your pet’s needs.

If you would like a copy of the graphic shown below, drop us a note at neiltyra@tyralawfirm.com and we will be happy to send it to you. If you have questions about providing for your pet when you are no longer able to do so, give The Tyra Law Firm a call at 301-315-0811.

Graphic describing pet estate planning options

Written by Neil Tyra