There Are Many Ways To Fund A Pet Trust

Posted on April 14, 2009 by Danny Meek


Can I use a bank account to fund a pet trust for my dog, Cheyenne?


Judy                                                                                           Boulder, Colorado


Judy, you may specify a bank account, savings or money market account, an annuity, an IRA, a payable on death bank account or other form of contractual agreement to fund a pet trust.

Of course, one of the most common forms of funding is through the purchase of a life insurance policy.

You should consult with your attorney, insurance broker, commodity broker or banker to correctly determine the name that should be placed on these accounts for the benefit of the trustee and Cheyenne.
 

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