A pet trust is a vital legal tool that ensures your pets—whether dogs, cats, horses, birds, or exotic animals like snakes and lizards—are cared for if you can no longer provide for them.
Recognized across all 50 states and the District of Columbia, a pet trust allows you to designate how your pet’s care will be funded and managed. Because laws vary by state, updating your pet trust when you move is essential to comply with local requirements.
What Does a Pet Trust Cover?
Much like a living trust, a pet trust appoints a trustee to manage assets specifically for your pet’s benefit. These funds cover key expenses, including:
- Routine and emergency veterinary care
- Grooming and hygiene services
- Food, boarding, and daily care
- Exercise, companionship, and social interaction
- End-of-life care and burial or cremation
Keep in mind that many states limit how long a pet trust can last—often up to 21 years. Our legal team can help you understand these limits and draft a compliant trust tailored to your needs.
How to Choose and Appoint a Trustee
Selecting a trustworthy individual to serve as your pet’s trustee is crucial. This person manages the trust’s assets and oversees your pet’s care. It’s also wise to name a successor trustee to ensure continuity. For multiple pets, consider separate trusts to address their unique needs and expenses.
When creating your pet trust, think about:
- Your pet’s current lifestyle and care level
- The care standards you expect from future caregivers
- Who will act as caregivers and backups
- How often caregivers will report to the trustee
- Your pet’s life expectancy and potential health issues
- When the trust should activate—especially if you become incapacitated
- Estimated costs for medical care, food, and daily needs
- Distribution plans for remaining funds after your pet’s passing
Planning for leftover funds is important. You might choose to leave any remaining money to your heirs or donate it to charity. To prevent fraud or confusion, make sure your pet is clearly identifiable, preferably through microchipping, along with detailed photos and descriptions.
Setting Clear Care Instructions
Be explicit about your pet care preferences. Include details like favorite food brands, exercise routines, walking routes, or playtime schedules. Such instructions help your pet maintain comfort and familiarity after you’re gone. Your estate planning attorney will ensure your trustee and caregivers have the latest trust documents and updates.
Why a Pet Trust Is Essential
Pets cannot inherit through a will, which makes a pet trust the best way to guarantee their care and financial support. As more people consider pets family members, pet trusts offer invaluable peace of mind for their future wellbeing.
Take the Next Step: Protect Your Pet’s Future Today
If you’re ready to establish a pet trust or want expert guidance, please reach out to us or call our offices in Sherwood, Searcy, Little Rock, or Benton at 501-834-2070. We look forward to helping you secure your pet’s care and your peace of mind.