When the terms are set, a successor beneficiary is named to assume ownership of any remainder that may be left in the trust after the death of the animal. … [Read more...] about What happens to assets that may remain in the trust after the death of the pet?
In the state of Arkansas, the trust would no longer exist after the death of the pet if it was created to benefit a single animal. If there are multiple pets named in the trust, it would terminate … [Read more...] about When does a pet trust terminate?
Assets are conveyed into the trust for the benefit of the pet. A trustee is named by you to act as the Trustee after you pass away. The trustee does not necessarily have to be someone that you know … [Read more...] about How does that work?
Yes, there is an ideal device for pet planning. You could create a pet trust for the benefit of your pet. Laws in all 50 states allow for the creation of pet trusts. … [Read more...] about Is there any other estate planning alternative for pets?
You could leave the caretaker a direct bequest with stipulations that the money will be used to take care of the pet. … [Read more...] about If you cannot leave the pet any money, how do you handle the financial part?