Plan for your pet

Although you may think of your pet as a member of your family, it is important to know that laws categorize pets as property. As a result, pets cannot inherit money or other property. Fortunately, with the use of estate planning techniques like a pet trust, you can provide for and protect your animal companions long after you are unable to care for them. With the right estate planning documents, you can not only name a caregiver to take care of your pets but also set aside money to be used to provide for your pets during their lifetimes.