What Is The Role Of The Pet Panel In A Pet trust?

Posted on August 15, 2009 by Danny Meek

I discussed earlier this week the use of a Pet Panel in your Pet Trust.

This panel of individuals is appointed in your Trust and has various duties as you and your counsel shall provide.

Some example of duties as established for a pet panel, as are follows:

     Work with the Pet Trustee to select an appropriate Pet Guardian for each pet;

     Make the final decision on accepting or rejecting the choice for Pet Guardian;

     Review the Pet Trustee’s performance;

     Authorize financial bonuses for the Pet Guardian pursuant to the Trust;

     Assist the Pet Trustee and Pet Guardian with major medical decisions affecting the health and lives of the pets;

     Select a new successor Pet Trustee to replace the then serving Pet Trustee if there are no other Pet Trustees named or if there are none that are willing or able to serve;

     Make occasional, unannounced, in-home visits to monitor the care of the pets;

     Assist with end-of-life decisions for the pets, including euthanasia, based on the pets' quality of life, pain and suffering, and chances of meaningful recovery.

Your counsel can assist you with a Pet Panel when you complete your estate planning for your pets.
 

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