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Pet Trusts Come Into Vogue As Pets Get Old; Retirement Homes, Too

Nine lives or not, cats get old.  Dogs, apparently too.  And when their owners get old, pet owners may go to a retirement home.  Don't look now, but there are also retirement homes for pets themselves.

That's right.  Fluffy and Fido can live the life of luxury in their wheelchairs. 

Don't get me wrong here, I've pretty much had a pet in my home since I was born.  From a Cocker Spaniel to a Springer Spaniel to a mutt cat to a Bengal cat.  Some have come and gone with various relationships, some died and some ran away.  But a retirement home?

Surely they do not jest.  Just run a search on your favorite search engine, and you'll likely find plenty of results, like Rita's Purrever Ranch Sanctuary in Tennessee, which by the way offers a handy-dandy Pet Guardian Form, just in case your favorite pet doesn't have one.  And don't miss out on Rita's Mewsletters

Speaking of guardians, how's your Pet Trust coming along?  Pet Trust you say?  They're not just for Leona Helmsley anymore.  As a matter of fact, there's an entire site dedicated to estate planning for pets, along with the advice that the IRS won't tolerate a charitable remainder trust for Spot.

Not to worry, though.  The site also features a state-by-state listing of pet trust statutes you can review to determine if your state  is pet-friendly. 

While there are a significant number of people who don't have wills or trusts, if you've got a loved one of the furry type, you may want to contact your local lawyer to ensure your pets will be handled according to your wishes if you're not around. 

Otherwise, the fur will fly.

Printer friendly page Permalink Email to a friend Posted by J. Craig Williams on Monday, November 19, 2007 at 23:50 Comments Closed (0) |
 
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