Leaving Your Pet in Your Will Won’t Protect Them - Do This Instead
If you’re a pet owner, you know the special bond that exists between you and your pets, and to many pet owners, our furry friends aren’t just a pet - they’re a loved and important part of our families. So if you’re thinking about how best to provide for your family after you die or if you become incapacitated, it makes sense for your beloved pet to be a part of the plan.
You want your pet to continue to have the kind of love and care you provided during your life, but estate planning for furry friends requires a little more thought than you might expect. To understand why, it’s important to know two things:
A pet is considered property under the law
When someone receives a gift of property through a Will, that person can do whatever they want with that property, including your pet.