How Much Does A Pet Trust Cost?
I recently received an inquiry regarding the appropriate cost for a pet trust.
I have written many times on this subject and the answer is generally the same.
It depends...upon a number of issues.
Will you provide for the trust in a clause of a new will that you are writing?
Will it be a completely new simple trust of five or six pages or one of twenty to thirty pages for numerous animals?
If you already have your estate plan in place, is this a new document or a codicil (addition) to those documents?
Are you establishing numerous specific rules for the caretaker, or allowing a great deal of latitude?
If you are leaving your pet to an institution, do they have guidelines for your documents, do they prepare form documents or will they accept those of your counsel?
The needs and desires of each individual is different and therefore each estate plan will be different.
A competent professional legal adviser will be open and clear about the costs of the pet trust and how it interacts with the totality of your specific estate plan.
Ask your questions!
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