What will happen to your pet when you can no longer care for them? Florida law allows you to create a special trust to provide the necessary funds for someone in whom you have confidence to care for your pets after your death. By taking the time to have a pet trust prepared, you can have peace of mind knowing your pet will be fully cared for the way you love and care for them now.
At the Law Office of Knellinger, Jacobson & Associates in Gainesville, Florida, our estate planning attorneys can prepare a trust that will ensure the proper care of your pet long after your absence. Attorneys Richard Knellinger, Justin Jacobson, and Kyle Benda will listen to your concerns and make thorough recommendations about how to best provide for the care of your pet upon your death.
By setting up a pet trust, you will decide who will take care of your pet when you are no longer able to do so. You do this by appointing a care-taker and trustee. The trustee will monitor the care-taker to ensure that he or she provides the proper care for your pet and will provide the funds to do so. The care-taker keeps the pet in his or her custody and handles the day to day needs of your pet.
The trust should be funded with sufficient assets or property to care for your pet for its expected lifetime. When deciding on the amount, be sure to keep in mind any special needs such as medical conditions. Funds can be used for:
Anything else needed to maintain your desired standard of living for your pet
The trust will remain in effect for the lifetime of your pet. After death, the remainder of the funds can be disbursed at your direction to other beneficiaries, as well. We all wish for long, happy and healthy lives for our loved ones, our dear animal friends included. Take advantage of your right under Florida law to remember them and provide for them in your estate planning.
The Law Office of Knellinger, Jacobson & Associates provides legal advice and representation for individuals, entrepreneurs, and business owners in Gainesville, Florida, and communities throughout north central Florida, including cities such as Ocala, Starke, Palatka, Lake City, Middleburg, Trenton, Bronson, Lake Butler, Cross City, Williston, Chiefland, Alachua, Jasper, Live Oak, and Jacksonville, Florida.
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