Planning for Your Pet’s Future – What to do if something happens to you.
Although we believe we will always be around to care for our pets, far too often pet lovers are faced with the unexpected; everything from a natural disaster to an accident or illness where the pet parent may be required to move from their home to an alternate or permanent care facility, become incapacitated, or die without addressing the ongoing care of their pets. There are numerous sad stories of pets that were overlooked when their owners became ill, had to be hospitalized, went to a nursing home or passed away. Tragically animals have run away or have been forgotten in the home of their owner. It is estimated approximately 500,000 pets are euthanized annually because pet parents didn’t have a plan for their pets. To prevent these unnecessary and tragic occurrences it is imperative to develop a written action plan for your pet in the event of an unexpected event or disaster.
Formulate your written action plan to include the following provisions:
Your written action plan starts with identifying at least two people, “pet caregivers,” who agree to be responsible for your pet if something happens to you, including incapacity, death or natural disaster. These trusted individuals should have access to your home, care and feeding instructions for your pet, the name and contact information for your veterinarian and written instructions for the long-term or permanent care of your pet including final plans for your pet in the event your pet should die. The individuals you choose can either be short-term, long-term or permanent caregivers depending on the plan you intend to implement for your pet.
Compile a notebook of information detailing the “baby sitter” instructions for each pet. These instructions should include a photo, identifying information, veterinary information, health records, feeding instructions, care requirements, etc. Assume your caregiver doesn’t know anything about your pet and you are leaving comprehensive instructions.
This notebook should be updated periodically and kept in a safe place with your other important estate planning and financial documents including Powers of Attorney, Health Care Directives, Living Trusts and Wills outlining the instructions to take care of you.
Include provisions in your estate plan to detail your wishes with regard to the care and disposition of your pets in the event of your disability or death.
Estate Planning Options:
There are a variety of estate planning options for you and your pets. Studies have revealed that somewhere between 12 and 25 percent of pet owners include their pets in their Last Will. Naming a pet as a beneficiary of a Last Will can be dangerous because pets are not permitted to inherit property and the time it takes to administer your Last Will through probate may interfere with the care needed by your pet. We recommend you consider either a stand by Pet Trust or a Stand Alone Pet Trust as part of your estate plan.
When planning for your pet, it is important to consider not only what will happen in the long term but what might be necessary in the immediate short term after the event that prevents you from caring for your pet.
Choosing a pet caregiver will be one of the most important aspects of planning for your pet. Make sure your nominated pet caregiver is on board with the decision. Then, make sure you have one or more additional persons or organizations that can act as a back-up if your first choice is unwilling or unable to provide lifetime care for your pets. Organizations like The Pet Alliance of Greater Orlando have worked with Peggy to develop programs for the lifetime care of your pets. The Pet Alliance program is called the Paws-itive Care Program. You can download their application here. There are also a growing number of other perpetual care organizations that can provide lifetime care for your pet. Ask us for more information.
Many people choose to leave their pet to a named individual without the creation of a Pet Trust. This may work, but there is no guarantee that person will be willing or able to provide the necessary care. Providing your pet caregiver with a sum of money is the next best option, but still provides no guarantee or oversight to ensure your pet is receiving proper care. Only a Pet Trust provides for a Pet Caregiver, a Pet Care Panel and a Trustee. Each person or organization fills a different role in the lifetime care of your pet providing peace of mind and additional checks and balances.
Animal law is a growing area of legal practice. Almost every area of law has an animal law aspect. Animal law can include criminal law, family law, estate planning, property law, entertainment law, disability law, just to name a few. Attorney, Peggy R. Hoyt is an animal advocate and concentrates a portion of her practice in animal law related to estate planning for pets and pet dispute resolution. Peggy is the author of All My Children Wear Fur Coats – How to Leave a Legacy for Your Pet and the Pet Lover’s Guide to Mediation. Peggy hosts a weekly radio program that airs on Pet Will Radio at Mixlr.com/PetWill on Mondays at 3 p.m. EST called All My Children Wear Fur Coats. Each week Peggy and her guests discuss issues relevant to pet owners and lovers. You can listen to archived shows by clicking here. Peggy is a co-founder of MyPetWill.com, an online Pet Trust creation program that provides peace of mind through a Stand Alone Pet Trust, personalized identification tag and an online Pet Profile. You can get more information at MyPetWill.com.
Educational Workshop (Optional)
Join us in our classroom, for an interactive workshop designed to educate families about general estate planning principles, the federal estate and gift tax structures, and the importance of implementing and maintaining a relevant estate plan. We highly recommend you attend an educational workshop, but it is optional. Click here to see when our next estate planning workshop will be held. (Complimentary)
Discovery and Decision Dialogue
Discuss client and attorney commitments; you teach us about you and your family. We teach you about the law and how it affects your family. Then, together we can explore optimum planning solutions. (One and a half hour one-on-one consultation. Consultation Fee $200.00 – Applied to planning fee.)
Counselling and Design Meeting
We will work with you, your family, and advisors (optional) to custom design your plan. (1/2 of your fee is due.)
We review and sign all drafted documents. (Remaining 1/2 of your fee is due.)
Asset Ownership and Protection; Updating, Education, Maintenance & Support can be provided at an additional fee.