Frequently Asked Questions About Pet Trusts
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1. What is a “pet trust”?
A pet trust is legal technique you may use to be sure your pet receives proper care after you die or in the event of your disability.
2. How does a pet trust work?
You (the “settlor”) give your pet and enough money or other property to a trusted person or bank (the “trustee”) who is under a duty to make arrangements for the proper care of your pet according to your instructions. The trustee will deliver the pet to your designated caregiver (the “beneficiary”) and then use the property you transferred to the trust to pay for your pet’s expenses.
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