There are a ton of things to consider in the event that you should pass, from what will happen to your finances and assets to the grief experienced by your family. However, one of the things that people often overlook is what will become of their pets. After all, a pet is a treasured companion that provides a lifetime worth of love, companionship and devotion. It’s only right that you would consider the life of your pet in your Mesa living trust.
The purpose of a Mesa living trust is to provide a plan for your assets, both financial and otherwise, in the event that you die. Most people use this type of account to provide an outline for what would happen to their items without putting their grieving loved ones through the complicated process of probate and other taxes and complications that may stem from utilizing a traditional will document to accomplish the same task. There is so much confusion when a death occurs, that oftentimes, pets are left to fall by the wayside, becoming a bit of afterthought for grieving relatives and friends.
Pets and Living Trusts
A Mesa living trust can provide for financial compensation for someone willing to take on the job of caring for a beloved pet. Alternatively, you can also leave monies set aside for lifelong boarding of your pet at a spot that it really enjoyed. The idea is to plan ahead so that your beloved pet is not without care and forced to go to a shelter. A Mesa living trust allows you to provide financial provisions in your planning process to avoid such a thing happening. Moreover, this type of account is free from the rules, regulations and restrictions that accompany a traditional will and the probate process that accompanies it upon your passing.
If you opt for an Arizona living trust, make sure you talk to your administrator (it should be a person that you trust implicitly) about your plans to include your pet in your trust planning. Explain your wishes for your beloved pet and make sure you are on the same page, so that the person in charge of administering the funds and other assets in your account can consider your wishes when taking care of the account after your passing. Most people don’t like to think about death in this manner, but it’s far worse not to only to have your pet suffer the consequences should something happen to you.
Need Help?
If you are not sure as to what legal document you currently have contact one of our professionals to help you with your estate planning. They will make sure you have all of your grounds covered and have the right legal documents that best suite your wants and needs.
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