Like most animal lovers, you likely consider your pet a beloved member of the family. Unfortunately, the law treats cats and dogs as property, which could have unintended consequences if you pass away unexpectedly and without a will. The following guide outlines a few estate planning tips to ensure your furry friends are taken care of in your absence.

What Happens to Pets If You Don’t Prepare a Will?

If you pass away without an estate plan in place, your assets will be divided amongst family members according to the law in your state. This means a pet may go to someone you don’t trust or even know very well. Preparing a will is the only way to ensure a beloved companion ends up living with someone who will love them after you’re gone.

What Should You Think About When Including Pets In Estate Planning Documents?

Along with deciding who should receive your cash, valuables, and other property, a will also allows you to choose a guardian for your pet. You may choose a trusted friend or family member with whom your furry friend already has a strong relationship. However, discuss this decision with them first to ensure they’re ready for the responsibility. Someone who has a busy job that requires a lot of travel may not be the best option, while a person who works from home or has a family with kids may be preferable.

What Else Can You Do to Care for Your Pet After You’re Gone?

You might want to leave behind some money for your pet’s food, toys, and vet bills. However, animals aren’t legally allowed to own property, so anything you try to bequeath to them will be considered part of your residual estate. These assets will be distributed to your family members as if you hadn’t prepared a will.

Instead, consider setting up a living trust. These are separate legal entities that take control of some of your assets, which are controlled by a trustee. The trustee may be your estate planning attorney, an accountant, or even the guardian of your pet if you trust them to use the money as intended. This option can provide you with peace of mind and the security of knowing that your beloved companion will get the care they need without putting financial pressure on their new caretaker.

Estate planning can be confusing and overwhelming, but the team at Rutherford Law Office in Chillicothe, OH, can guide you through the process. They have been providing detailed insight and personalized legal services to families throughout Ross County and the surrounding areas since 1998. Whether you want to set up a living trust or need help with Medicaid planning, they can help. Follow them on Facebook for more news and updates, or visit the website to learn more about these attorneys and their practice areas. Call (740) 775-7434 to schedule a consultation.