Estate Planning for Your Pet in Austin, Texas

If you're in the process of estate planning, and have pets, it may be time to consider your wishes for your pets. Pet owners who don't make provisions for their animals in their estates put their pets at risk of being sent to the pound, being placed in the care of strangers, or worse. In order to prevent this fate for your pets, it is important that you make specific provisions that ensure long-term care for your animals. Verbal promises of family and friends may not be honored when the time comes, if you don't take preventative action now.

            According to The American Bar, pets are classified as property under the law. Of course, for pet parents, pets are beloved friends, companions, and family—and as such, many people want to ensure that their pets are cared for in their estate planning. If you're in the process of writing your will, a qualified estate planning law firm like Warren & Lewis can assist you in making provisions for your pets.

            The American Bar doesn't encourage individuals who want to protect their animals to put their animals into the will. A will only deals with the distribution of property and not how that property is handled. Just as your children can sell the house after you pass away, a provision in the will that an heir receives your cat or dog doesn't mean that this person will care for the animal.

            Instead, The American Bar recommends that individuals open trusts for their pets. Pet trusts set aside amounts of money that ensure that your pet is protected under the law. Because the trust is overseen by a trustee, there is oversight in ensuring that the money you set aside goes towards the ongoing care of your pet. A trust, along with a pet protection agreement, that outlines your pet's needs, food, and habits, can also ensure that your pet is properly cared for.

            Just putting your animal into your will won't necessarily ensure that your wishes for your pets are carried out. Contact an estate planning lawyer in Austin, Texas today to ensure that your pet is protected. Jessica Warren with Warren & Lewis has years of experience and can give you the legal advice you need. Visit her website at http://www.warrenandlewis.com/ .