If you are like us, your pet is a loved member of your family. So naturally, you want to make sure that they are taken care of upon your disability or death. That is why the answer to the question "Who is going to take care of my pets?" is a major concern for many of our clients.
While you view your pet as a family member, Texas law treats your pet as a personal possession that cannot inherit from you and could be distributed or sold after your death. A pet trust is a legal technique used to ensure that your beloved pet receives proper care of upon your death or in the event of your disability.
A pet trust sets up funds and designated a trustee who has a duty to make arrangements for the proper care of your pet based on your guidelines. The trustee will deliver the pet to the designated caregiver and use the funds in the trust to pay for your pet's expenses. Leaving you with peace of mind knowing that your beloved pet will be cared for when you can no longer care for him.
Some people simply leave a lump sum of money to a friend or family member to care for their pets. However, such agreements rely on those individuals' willingness to honor your wishes and spend the money on the pets. This is a risk that some people are not willing to take. A pet trust helps ensure that the funds are used for the benefit of your pet and provide you with peace of mind.
Call us at (512) 535-5008 or contact us today to discuss with an attorney whether or not a pet trust is appropriate for your family.
Contact an Austin estate planning attorney at Cypert Law Firm today. We help businesses and individuals throughout Travis, Williamson, and Hays counties including the cities of Austin, Round Rock, Kyle, Buda, Lakeway, Cedar Park, and West Lake Hills with Business Startup and Entity Formation, Estate Planning, Wills and Trusts, Probate and Guardianship issues.
Cypert Law Firm, offers complimentary initial consultations, flat fees and other affordable solutions to your legal problems. Call today to see how our attorneys can help you.
1016 Mo-Pac Circle, Suite 201
Austin, Texas 78746
Phone: (512) 535-5008