Date: 29-Jul-2019
Category:
Animal Care Trust
According to the North American Pet Health Insurance Association, nearly 2.43 million pets were insured in North America by the end of 2018. It’s clear that our pets are precious to us, and that we are already making important financial planning decisions to ensure their long-term care. But because it’s a tough subject to think about, we often don’t plan for what would happen to our pets if we were no longer able to take care of them.
Thankfully, California law permits state residents to create Animal Care Trusts. These trusts are fantastic tools that allow pet owners to leave specific instructions and financial support to care for their beloved pets in their absence.
Many people assume that if they were no longer able to care for their pets, a loved one or close friend would step up and take in the animal. Unfortunately, life’s unexpected roadblocks often prevent this natural transition and land the animals in shelters.
Do you want to start planning your pet's future day? Get started by downloading our Pet Trust Worksheet.
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