What Is A Pet Panel?
I recently gave a seminar about pet trusts to a group of veterinarians and the use of a Pet Panel was one of the main interests of the attendees.
I have written before on the pet panel and maybe now is good time to review the process. A pet panel is a group of individuals appointed by you, in your Trust and they have 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.
The pet panel can have as much or as little powers a your determine.
Your counsel can assist you with a Pet Panel when you complete your estate planning for your pets.
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