National Love Your Pet Day is a great time to work on pet planning in your estate plan
National Love Your Pet Day is celebrated on the 20th of February. It’s a great opportunity to honor animals that bring you joy and companionship. Pets are often treated as family by their owners. They need to be taken care of in any situation. This special day serves as a reminder that you should consider incorporating pet planning in your estate plan to protect your pet’s well-being. The Indianapolis attorneys at Frank & Kraft encourage you to celebrate National Love Your Pet Day by taking steps to safeguard your pet’s well-being.
What Is National Love Your Pet Day?
While the origins of National Love Your Pet Day are unclear, it has become a widely celebrated occasion dedicated to pampering and appreciating pets. Show your pet some extra love this year by doing something special:
- Treat them to a grooming session, either at a spa or at home.
- Arrange a playdate with their furry or feathered friends.
- Spend quality time at a nearby park.
- Surprise them with new toys or decorations for their habitat.
- Update your estate plan to include pet planning provisions that secure their future care.
Why Pet Planning Matters
Your pet depends on you for everything–food, shelter, medical care, and companionship. Pet planning is important because your pet depends on you for everything – food, shelter, medical care, and companionship. Pet planning shows your commitment to their well-being and ensures:
- Continued Care: A designated caregiver can step in immediately to provide for your pet.
- Avoiding Shelter Surrenders: Your pet will not face abandonment or uncertainty.
- Peace of Mind – You can relax knowing that all of your pet’s needs are taken care of. Pet planning demonstrates your commitment to their well-being and ensures:
Continued Care: A designated caregiver can step in immediately to provide for your pet.
Avoiding Shelter Surrenders: Your pet will not face abandonment or uncertainty.
- Peace of Mind: You can relax knowing your pet’s needs are accounted for.Incorporating Pet Planning into Your Estate Plan
- Including provisions for your pet in your estate plan ensures they are cared for according to your wishes. You can choose from several options, depending on your needs:Designate a Caregiver:
- Name a trusted individual in your Will or through an agreement to care for your pet. Discuss the responsibility with the person you are naming to ensure they are willing. Set Aside Funds : Setting aside funds for your pet’s expenses, such as food, veterinary treatment, and other essentials, can help ensure that their needs are met. Specify the intended use of the funds to guide the caregiver.
Create a Pet Trust:
A pet trust is a comprehensive solution that provides both financial resources and legally enforceable instructions for your pet’s care. A trust, unlike a Will which only comes into effect upon death, can provide for your pet in the event of your incapacity. A Pet Trust is a great way to ensure that your directives are followed. It also allows you to designate a Trustee who will oversee the use of the funds for the benefit of your pet. It also remains effective for the duration of your pet’s life as long as there are funds.
Show Your Love by Planning Ahead
National Love Your Pet Day is a celebration of the joy and loyalty pets bring into your life. Plan for the future of your pet by taking advantage of this day. Consult an estate planning lawyer to include pet provisions into your plan if you haven’t already. Taking action now ensures your beloved companion will be cared for in any situation, demonstrating your dedication to their happiness and well-being.Can We Help You with Pet Planning for National Love Your Pet Day?For more information, please join us for an upcoming FREE seminar. Contact the Indianapolis estate planning attorneys of Frank & Kraft or call
(317)684-1100 for an appointment. Read More! Latest Posts by Paul A. Kraft Estate Planning Attorney (see all)01001010
