Estate Planning for Your Pet

New York was one of the first states to enact a Pet Trust Statute for people concerned about what would happen to their pets after their demise. The statute allows for the creation of a trust for the care and maintenance of a pet. It also allows you to appoint a person to care for your pets and to set aside a specified amount and/or percentage of your money to be used for the pet’s care. The trust can continue for the entire lifespan of the pet or animal. Unfortunately, if you do not provide for your pets, they could wind up in a shelter or with people who may not wish to care for them!

- Lauren C. Enea, Esq.