Our pets are more than just animals—they’re beloved members of our families. But what happens to them if something happens to you? While we often think about planning for our loved ones, many pet owners overlook a crucial part of estate planning: ensuring their furry (or feathered or scaly) companions are provided for in the event of incapacity or death.

Why Pet Planning Matters

Unlike family members, pets cannot advocate for themselves or inherit assets outright. Without clear instructions, their future could be uncertain, potentially leading to unintended consequences such as being surrendered to a shelter or rehomed by someone unfamiliar with their needs. Fortunately, proper estate planning allows you to designate a trusted caregiver and provide financial resources for their continued care.

Ways to Include Pets in Your Estate Plan

  • Durable Power of Attorney with Pet Provisions

If you become incapacitated, a durable power of attorney (DPOA) can give a trusted agent authority to care for your pets, access your funds to cover their expenses, and make important decisions on their behalf. This ensures that your pets receive the attention and support they need, even if you’re unable to provide it yourself.

  • Pet Trusts: Financial Security for Your Pet

A pet trust is a legally binding arrangement that allows you to set aside funds specifically for your pet’s care. You designate a caretaker and a trustee who ensures the funds are used appropriately. This approach provides more security than simply leaving money to an individual, as it creates accountability for the pet’s well-being.

  • Will Provisions for Pet Care

You can also include provisions in your will to specify who should care for your pets after your passing. However, since a will only takes effect after death and does not cover incapacity, it’s often recommended to pair it with a pet trust or DPOA to ensure seamless care.

  • Designating a Caretaker

Choosing a responsible and willing caretaker is essential. It’s best to have an open conversation with your chosen person to confirm their willingness and ability to take on the role. Naming an alternate caretaker is also advisable in case circumstances change.

  • Financial Planning for Pet Expenses

Providing financial resources for pet care prevents your caretaker from bearing the financial burden. Whether through a pet trust, designated funds, or a specific bequest, ensuring your pet’s ongoing needs are met can give you peace of mind.

Considerations for Pet Planning

When outlining your pet’s care, consider:

  • Daily routine: Feeding schedule, exercise needs, medical care, and grooming
  • Veterinary care: Preferred vet, ongoing medications, or special
  • Lifestyle: Ensuring your pet continues the life they are accustomed to, including favorite foods, toys, and sleeping arrangements.
  • End-of-life decisions: Specifying your wishes for euthanasia in cases of terminal illness or extreme suffering.

Secure Your Pet’s Future with an Estate Plan

At Ibis Legacy Law, LLC, we understand that estate planning isn’t just about protecting your human loved ones—it’s about ensuring every member of your family, including your pets, is cared for. Our team is here to help you create a comprehensive plan tailored to your needs.

Meet Our Office Pets!

Let’s make sure your beloved pets have a secure future. Contact us today to schedule a consultation and learn how we can help you include pet planning in your estate plan.

Call us at 216-991-6200, Email us at Info@ibislegacylaw.com