Why Do I Need a Pet Trust?

Posted on July 27, 2009 by Danny Meek

Why do I need a pet trust? I assume that my sister will take care of my dog Ginger, when I die. My sister, Valerie always plays with Ginger when she comes to visit and they seem to get along well.

Betsy                                                                            Bonita Springs, Florida

Betsy, many people assume that when they die their family or close friends will simply take in their pets and take care of them.

Unfortunately, the facts do not bear out this assumption.

Each year from four to six million pets are euthanized because they cannot be placed with a caring family or individual. Although there are no hard statistics, it is generally presumed that owners abandoned a great majority of the pets when they died.

A little estate planning for your pet, whether formal or not, can eliminate some of these numbers.

At least you need to talk to Valerie to see if see will assume the responsibilities for Ginger, if it becomes necessary.
 

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