Estate Planning for Companion Animals Legislation
Estate Planning for Companion Animals
Standardize Pet Trusts
Allow combined human & pet burials
Define planned giving to animal charities
Standardize Pet Trusts
Allow combined human & pet burials
Define planned giving to animal charities
Standardize Pet Trusts
Problem: Pet Trusts are not always legally defined as valid. Standardized parameters in terms of providing the animal care, distribution of funds for expenses and the distribution of remaining funds when the animal is no longer living.
Intended Goal: Have Pet Trusts properly defined and recognized so those that wish to provide care for their animals after their death may do so. Have defined penalties in place for those abusing the execution of the trust and the disposition of the remainder of the Trust.
Example: Pet trust defines funding of the trust, trusted caregivers, designated Trustee oversight, distribution of funds for care and which aspects are covered (food, Vet care, grooming, training, pet sitting) and distribution of remaining funds, such as a donation to a 501c3 Animal Charity.
Intended Goal: Have Pet Trusts properly defined and recognized so those that wish to provide care for their animals after their death may do so. Have defined penalties in place for those abusing the execution of the trust and the disposition of the remainder of the Trust.
Example: Pet trust defines funding of the trust, trusted caregivers, designated Trustee oversight, distribution of funds for care and which aspects are covered (food, Vet care, grooming, training, pet sitting) and distribution of remaining funds, such as a donation to a 501c3 Animal Charity.
Allow Combined Human & Pet Burials
Problem: People often want their pets to be buried with them. Currently the animal would have to be euthanized to be buried with the person at the time of their death and burial and most people would prefer their beloved pet would get to live out the rest of their natural life first and then buried with them later.
Intended Goal: Lift restrictions on combined human and pet burials and define the proper parameters such as proper containers and depth of burial.
ainder of the Trust.
Intended Goal: Lift restrictions on combined human and pet burials and define the proper parameters such as proper containers and depth of burial.
ainder of the Trust.
Define Planned Giving to Animal Charities
Problem: Make it harder for relatives or others to contest the wishes of a person to have their assets given to a Pet Charity.
Intended Goal: Make Planned Giving to animal organizations with a 501c3 designation.
Intended Goal: Make Planned Giving to animal organizations with a 501c3 designation.
