If you’re a pet owner, one of the considerations you may want to consider in your estate planning, is to make arrangements for the care of your beloved pets. You may choose to create provisions in your Durable Power of Attorney, Last Will and Testament or Revocable Living Trust to ensure your beloved pets are taken care of in a manner that they’ve grown accustomed to in your care.
Legal Obstacles of Pet’s in Estate Planning
In the past, one of the legal obstacles for pet estate planning was the common law general rule that pets cannot inherit from an estate. Another obstacle was a Pet Trust required an intermediary to be named instead of the pet. Once the money was transferred, the court’s were powerless to enforce the provisions of the Pet Trust.
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