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At first, it might seem a little crazy that someone can set up a trust for their pet in New York. However, those of us who own and care for pets understand that there is nothing ridiculous about being concerned for a beloved animal. These cats and dogs are truly members of our families, and it makes sense to wonder about what might happen to them after we pass. Going one step further, it also makes sense to make sure that these beloved pets are properly taken care of after our passing. You may have heard about pet trusts before, but are they really allowed in New York?
If you would like to discuss any matters related to estate planning, you should consult with a qualified, experienced estate planning attorney as soon as possible. When you sit down with one of our skilled attorneys, you can discuss all of your options. If you are interested in providing for your pet after your passing, your estate planning attorney can provide you with many options to put your mind at ease. A professional estate planning attorney understands that pets can be important members of the family, and they deserve the proper level of legal attention.
How Pet Trusts Work in New York
You can indeed set up a pet trust in New York, and this legally enforceable document ensures that your pet will be properly taken care of after your passing. With this trust, you can set aside funds that must be used to take care of your pet. This helps you make sure that the person taking care of your pet will have enough money for pet food, toys, leashes, or any other expense that they might incur while caring for your pet.
Of course, you can also clearly state who you want to take care of your pet after your passing. This person is generally the Trustee of the pet trust. You can write down detailed statements that communicate more than one person who can look after your pet, as well. For instance, if your first-choice pet owner is incapacitated for some reason, you can state your second and third choice in your pet trust. In addition, you can even name a Trust Protector. This individual is responsible for making sure that the funds are used properly. Many people are concerned that their pet trust funds might not be spent on items related to their pet, and this step helps you alleviate those concerns.
Enlist the Help of a Qualified Attorney as Soon as Possible
If you are wondering about how to set up your own pet trust, reach out to The Glassman Law Group at your earliest convenience. We can help you with virtually any aspect of the estate planning process, from the major decisions right down to the smallest details. We understand that it is only natural to worry about what might happen to a pet after our passing. With the right assistance from our skilled attorneys, you can put your mind at ease and make sure your pet lives a happy life long after you leave this world. Reach out today, and we can develop an effective action plan together.