How Much Money Is Needed To Fund My Pet Trust?

Posted on July 24, 2009 by Danny Meek

How much money do I need to fund my pet trust?

This is a common question that I am asked by animal owners, and the answer, of course, is a vital part of setting up a pet trust.

In order to adequately fund the trust, you need to know how much it will cost to take care of your pet and for how many years the cost will continue.

Petfinder.com recently published a good article with a chart from Stephen Zawistowski, Ph.D., the Sr. VP Animal Sciences, ASPCA, of the estimated yearly costs of pet ownership.

Although, I believe that some of the costs projected are very low (for example, he sets the cost of food for a small dog at only $150.00 per year) I believe that it is a good starting point for your review of needed costs and categories for your planning.

Go here, and check out the entire chart.

 

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