Seniors - Care for Your Pets

Have you ever wondered what will hap­pen to your pets if you become incapacitated­ or after your death?

We certainly don't want them to be mistreated or eu­thanized prematurely. We may think that our friends or relatives will care for our pets if we can't. They might—but they might not.

What about creating a trust for our pets? Currently, there are 37 states and the Dis­trict of Columbia that allow pet trusts. In 1995 Arizona passed Statute S14-2907 allowing pet trusts. It reads, “Trust is valid for up to 21 years whether or not the terms of the trust contemplates a longer duration. The trust terminates when no living animal is covered by the trust.”

Pet trusts are a fairly new tool in legal planning and functions the same way that a trust for humans does. The trust can be funded or not funded. The trust has a trustee, which is the person who looks after your pet.

If you want to feel comfortable that your pet is adequately provided for, you may want to consult an attorney about setting up a trust for the benefit of your pet or pets.