What is a Pet Trust?
Posted on June 21, 2013 under Industry News
By Coleen Ellis, founder of Two Hearts Pet Loss Center and guest blogger for pet health insurance provider Pets Best Insurance.
What is a pet trust?
A pet trust is an amazing tool to use for those that are wanting the peace of mind in know that their pet(s) will be taken care of when you no longer can perform those duties. Reasons for which can include your death or a deterioration of your health.
The pet trust operates much like a trust for a human being. The trust will specify to great detail what the instructions are for care of a pet. The details that can be covered in a pet trust include:
-Identifying individuals to care for your pets when you no longer can. Another point to consider in this area is to identify a back up care giver for the pet in the event something should happen to the primary requested caregiver.
-Instructions for caring for your pet – such as dietary needs, feeding instructions, and grooming needs.
-Their medical needs, care and instructions. For instance, do they receive medications on a regular basis? How much and how often?
-Contact information for your current veterinarian(s) and past ones.
-Contact information for your pet insurance provider as well as policy and plan coverage details.
-Death care instructions for your pet.
You can complete a legal binding written directive to provide for the care of your pets in the event of your absence. It is also possible to provide for a Power of Attorney to set up another person to have the legal responsibilities for the pet.
Why is a pet trust a better option than a will?
A will is not read for a period of time after a person’s death; therefore, the pet might be placed into alternative undesirable care up until that happens. Therefore, have this pet protection plan and the pet trust in place outside of the will. These contracts should be in the hands of an attorney as well as the Power of Attorney or those that are specified in the will for the care of the pet.
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