Set Up a Pet Trust For Your Horses
Can I set up a trust for my horses?
Valerie Mesa, Arizona
Valerie, you can indeed set up a trust for your horses.
In fact, Wendy Feldman recently wrote an article on Arizona Bridle and Bit website.
Ms. Feldman, CLU®, ChFC®, CASL® recently wrote:
… the state of Arizona has recently passed legislation making trusts for animals legal and enforceable. That means when you take the time to put a written plan in place to care for your horses they will be cared for according to your wishes.
…you need to sit down with a qualified professional to write down your specific goals and wishes with regard to your animals. While the Arizona statute is in place allowing you to write the plan, you must include many details that a professional estate planning attorney can provide for you.
...How detailed can you be in this plan? Very detailed. For example, the plan can determine who will be the caregiver, the options for keeping, selling or finding good homes for the animals and how much money is available for their care. Additionally, the care plan for each horse can be spelled out individually. Of course, most horse owners also have many other animals. The plan can be written to provide for them all…
Read more on this issue here.
http://www.pettrustlawblog.com/admin/trackback/179419
