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Can I include my pets in my estate plan?

Can I include my pets in my estate plan?

| Aug 28, 2019 | Estate Planning, Uncategorized

Your New Jersey estate plan is very personal. You get to dictate what happens with your assets after you die in the way you want. However, there are laws regarding estates to keep things fair and ensure security. There are certain things you can and cannot do. There are also things you are allowed to do, but you have to do them in a certain way. When it comes to providing for your pets, you want to make sure they get the care they need, but can you include them in your estate plan?

According to The National Law Review, you can include pets in your estate plan. Do note the law considers them property like any other asset, but you can still provide provisions for care since they are a living thing. One of the best ways to do this is with a trust. You can set up care even if you are still alive but unable to do it yourself.

A trust also allows for care before probate, which could take time to get through. It will help ensure your pet is not left without food, water and other necessities while the state goes over your estate.

In the trust, you can name a caretaker and allot money for the care of your pet. It essentially lets you set up everything needed for your pet if you are no longer there to provide care. You can even leave instructions about care, which is important if your pet has special needs or health concerns. This information is for education and is not legal advice.

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