Estate Planning for the Horse Owner

We all love our pets, and horses are one of many that you must plan for in your estate. To make sure that all of your equine interests are handled, there are several considerations you must understand.

It is important as an animal owner that you leave your horse to a responsible person who will make the right decisions, and you can also set up a pet trust for the monetary care of your horse. If you want to sell your horses, you can arrange for a private sale or a dispersal sale, increasing your estate’s assets. With horses, comes lots of land, so it is also important that you detail exactly what you want your land to be used for. Putting all of your decisions into writing will be the next step, and two equine law attorneys suggest a revocable trust, allowing for more flexibility.

See Erica Larson, Estate Planning Tips for Horse Owners, Horse, July 12, 2016.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.