To many people, a pet is as beloved as any other member of the family.
Pennsylvania law now recognizes trusts established for the benefit of animals, thus paving the way for the growing trend toward pet trusts.
There are two varieties of pet trusts:
- a “testamentary” trust contained in your will that will take effect following your death; and
- an “inter vivos” trust, established during your lifetime. An inter vivos trust can have the advantage of taking effect once you become unable to care for your pet, perhaps due to accident or disability. Your will, on the other hand, may not be read until after someone has given away your pet.
At Sykes Elder Law, we can help you establish a pet trust tailored to your circumstances, to help you provide for your “non-human family members.”
Learn more: “State trust act puts bite into pet care” article published in Pittsburgh Post-Gazette October 25, 2007
“Providing for non-human family members with a pet trust” article by Andrew G. Sykes in our 2007 archives
- Estate Planning Examples to Avoid- An often overlooked benefit of professional estate planning: avoiding mistakes that ruin your best intentions. Here are just a few examples: Well, it looked like the right place to sign… In 1962, George Glace signed one of the blank spaces of a pre-printed legal form as follows: “I, , of Sunbury, Pa., of the County of […]
- Two must-have estate plan provisions for parents with minor children- Despite our “elder law” moniker, we frequently write estate plans people of all ages. When I see parents whose children are minors, I make sure to address two specific issues that are usually not important with elderly clients. If you parent minor children, make sure your will addresses these issues too. Nominate a guardian. Who will […]
- Why every adult should have a POA- Having a power of attorney (or POA) is at least as important as having a will. As people’s lifespans have increased, many spend more years than ever with a weakened ability to manage their own affairs and increasingly rely on others.