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    Home » Estate Planning » Planning For Your Four-Legged Friends

    Planning For Your Four-Legged Friends

    February 15, 2012Estate Planning

    If you are a pet owner, when you are planning a vacation that is not going to involve your pet coming along you recognize the fact that you are going to need to find someone to “pet sit.” In the same manner, it is important to remember your four-legged friends when you are planning your estate.

    One of the reasons why people fail to plan ahead for the well-being of their pets is because they expect to outlive the animals. Of course you may indeed live longer than your pets, but that does not mean that you should not be prepared just in case.

    Parents with dependent children are going to have to select a potential guardian for the children in the event of the death of their parents. This is not likely, but you don’t want to leave anything to chance. The same thing is true with your pets.

    Pet planning is going to involve a two-pronged approach. First of all you’re going to have to get someone to agree to care for the animal should you predecease it. There are a lot of animal lovers out there so this should not be too much of a problem.

    In addition, you are going to have to provide financial resources so that the caretaker can provide for the pet’s needs. This can be done through the creation of a pet trust and this has become a very popular option. Another possibility would be to leave an inheritance to the caretaker earmarked for the benefit of the pet.

    If you are ready to make sure that your pets are provided for come what may, simply make an appointment to sit down and discuss the matter with a licensed and experienced central New Jersey estate planning lawyer.

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    Alan Augulis, Estate Planning Attorney
    Mr. Augulis founded his Warren, New Jersey law firm so that he could focus his practice in the areas of advanced estate planning and tax law. Mr. Augulis has invested considerable time and energy helping to educate others on the topic of estate planning and has become a sought-after speaker in the tax and estate planning arena because of his informative and entertaining seminars.
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    About Alan Augulis, Estate Planning Attorney

    Mr. Augulis founded his Warren, New Jersey law firm so that he could focus his practice in the areas of advanced estate planning and tax law. Mr. Augulis has invested considerable time and energy helping to educate others on the topic of estate planning and has become a sought-after speaker in the tax and estate planning arena because of his informative and entertaining seminars.

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