Hi everybody, my name is Bridget MacKay, I’m with MacKay Dressler law firm. And today’s topic is kind of fun. We’re going to talk about pets and how we take care of pets in our estate plan. Some of you might be going, ” What, is that even a possibility?” And I’m going to tell you, yes, it is.
So we all know how important our dogs, our cats, our birds are to us in our lives. They provide comfort, they provide unconditional love, and you may be surprised that the law treats them as property. So if you were to be incapacitated or suffer an incapacity or death, dogs, cats, your pets aren’t automatically considered unless you carve something out for them. And in fact, if you have a trust, you can carve out not only who is gonna raise them or care for them for the remainder of their lives, but you could also provide some funds for that person for any outstanding vet bills, food, or even grooming, if you have a dog or a pet that requires grooming.
You can also get very fancy and have an actual trustee who would manage those funds on behalf of your pet. And at the death of your pet, then those funds, if there are any, would go to your favorite local charity for pets or back to your family.
So there are really a lot of options to not only protect and plan for your human children, but also your four-paw children. And it’s not as uncommon as you think these days. And we definitely recommend that to families who have pets, sincere pets that they wanna love beyond.
So if you like this video, please comment, please like us, subscribe, and I’ll see you in the next video.
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