The state of Washington created its pet trust laws in 2001. Since then, pet owners in the state can provide for their animals by developing a pet trust which would allow for the animal?s care after the owner dies. Pet trusts are relatively easy to establish, but you will want to keep in mind these tips as you go about deciding how best to provide for your pet with a pet trust.
Select the trustee with care
The trustee is the person you choose who will manage the trust property and provide for the pet?s needs. Trustees can be anyone you like, but ideally you should always ask those whom you want to serve in this position if they are willing to do so. Also, you should find several alternate trustees to include in the trust in case one or more of them decides not to take the position. If you don?t select the trustee on your own the court will have to do that for you.
Name all of your pets
The Washington pet trusts law allows you to establish a trust to provide for the care of any pets or other domesticated animal with vertebrae. If you have multiple pets it?s important to provide for each of them by naming them as beneficiaries in the trust. You can also include provisions for offspring of the pets, but only if those offspring are alive while you are.
Select a caregiver
It?s also important to name the caregiver in the trust. The caregiver is the person or organization who actually cares for the past, and is typically separate from the trustee. The trustee will ensure that the caregiver is providing the pet with the required care, and will pay for any expenses caregiver incurs in doing so.
Byrd : Garrett, PLLC is a member of the American Academy of Estate Planning Attorneys.
Source: http://www.byrdgarrett.com/blog/estate-planning/3-practical-tips-washington-pet-trusts/
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