Making sure your pet has sufficient resources to provide for its
lifetime care is essential. Determine what you spend on each pet now
and then multiply that annual figure by several years per pet to be
safe. Then add some funds in the event of an emergency or catastrophic
illness. Creative ways to fund a pet trust include leaving retirement
plan assets and life insurance proceeds. Some pet parents will want to
leave their home and resources to maintain the home so pets can remain
in the own environment for the balance of their lives. The most popular
choice can be simply to open a trust bank account with your bank in the
name of your pet trust with sufficient funds in place. Please remember
some pets require more funds than others, depending on their needs,
medical conditions and species.
How do I make sure each pet has enough money? Print
Modified on: Mon, Sep 19, 2016 at 10:47 AM
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