Suggestions For Creating Pet Trusts

Pet owners have a number of options when it comes to providing for the long term care of their pets. One of the most widely used estate planning techniques pet owners utilize when it comes to ensuring their pets are cared for in the future is a pet trust. The Uniform Trust Code extended its coverage to statutory pet trusts in 2000, and many states now explicitly authorize pet trusts. A pet owner can appoint caregivers who can be called to care for the pet whenever the need for care arises (e.g. death or incapacitation).  Five suggestions when it comes to creating a pet trust are below:

1. Put as much detail into the trust document as possible, explaining the pet’s routine, history, likes, and dislikes. Consider viewing the document as one of affection and protection for your pet as opposed to a reminder of mortality. 
2. Record even the mundane details of the pet’s day to day life, including when he is fed, goes for a walk, gets a treat, the type of food he eats, favorite toys, and healthcare schedules. The pet will be more likely to bond with his new caregiver if the same routine is continued.
3. Consider leaving behind a piece of clothing that contains your scent to help provide comfort to your pet.
4. Occasionally, pet owners will ask the caregiver to move into the owner’s home—especially if the animal has special needs or would not transition to a new environment well.
5. Name two or three potential caretakers and consider naming individuals whom you may not be close to but who are animal lovers.

See Jennifer Paull, 5 Innovative Ideas for Owners Who Want to Set Up Pet Trusts, VetStreet, Mar. 6, 2012.

For more information on planning for your pets, see Gerry W. Beyer & Barry Seltzer, Fat Cats & Lucky Dogs – How to Leave (Some of) Your Estate to Your Pets (2010).