For many of us, pets are members of the family. That is certainly true for many of our staff. That’s why planning for the cost of your pet’s care after you are gone can be so important. Whether it’s the cost of daily care, veterinary needs, grooming, boarding, insurance, or any other factor, we can help set up a endowment that meets your objectives.
Even though Kentucky does not have a specific pet trust statute, a pet owner can name a human caregiver as the beneficiary of a trust, require that the distributions to the beneficiary are dependent on the beneficiary caring appropriately for the pet, and require the trustee to ensure that the beneficiary is properly caring for the pet using trust assets. This type of trust may be used without regard to whether the state has a specific pet trust statute.
Discussing your wishes with the attorneys at Cochrangersh Law Offices is the first step to ensuring that all of your loved ones are cared for, even when you are unable to care for them directly. To learn more please call us at (502) 423-7023 or Click Here to request a consultation.