If you are a pet owner, you may see your pet as a member of your family. This being the case, you want to make sure that your pet has a happy, comfortable life even if you cannot be there to take care of it.
1. Informal Settings: Used to be that, if the average family want to make sure that their pets were treated after the owner dies, they will simply make informal arrangements with friends or family members.
2. It is a step forward from informal plan, but this type of arrangement proved unworkable for some families. First, the only situation that applies to this type of arrangement is the death of the owner. This leaves a lot of pet owners are not ready to disability. You can check out https://www.danalegalhelp.com/practice-areas/estate-planning/ for acquiring more knowledge about estate planning.
In fact, for both the pet and the money belongs to unfettered from the caregiver, there is nothing stopping him from dropping the pet off at the shelter and use the money to go on vacation.
3. Establish Pet Trusts: A newer option that is becoming more popular is to establish a pet trust. This is an agreement where you choose a sitter for your pet in case of death or disability, you give instructions for the care of your pet, you choose a trustee to manage the money for the sake of your pet, and you fund money into a trust to cover the needs of animals your pet.
A pet trust provides a means of formal financial treatment for your pet, setting the standard of care to be provided, and make sure your pet is safe and secure. This arrangement applies in court, so if the guardian or caregiver does not do its job, the judge can step in and set things right.