Understanding Pet Trusts

Many pet owners consider their four-legged friends part of the family, and just like with any other family member, clients want to ensure that their pets are taken care of after they die. Perhaps the best way to ensure this is by creating a pet trust. A pet trust is similar to other trusts and includes terms that provide for administration of the trust, distributions, care and custody of the pet (including medical care, grooming requirements, etc.), and may even include end-of-life instructions for the pet. This webinar will discuss the benefits of creating a pet trust rather than relying on family members or friends to care for your pet after your death. It will also discuss the various provisions that should be included in the trust agreement and what requirements certain states have for a pet trust to be valid. Practitioners will learn about the following: When to suggest that a client create a pet trust, as clients may not know that this is an option What provisions should be cons