When it comes to planning for the well-being of your family, do not forget to plan for every member. This includes those family members who have feathers, fins or fur!
If something were to happen to you, then the future of your pets may be left to chance. Consequently, your special friends have only you to plan for their future without you in Overland Park and elsewhere.
This subject was considered by The Human Society in a recent article titled simply “Backup Plan”
What does a backup plan for your pet look like? Well, the answer is pet-specific. Assuming you are not in the lion-taming business, then there are any number of simple things you can do. Beyond that, however, the key is to follow through and actually complete the necessary legal planning. Good intentions will do little for your pet, large or small.
The basic question is where will your pets go if you are gone? Perhaps you have a large circle of family members or friends who are pet lovers like you. If yes, then you must narrow down the field of suitable candidates to appoint just the right person who can and will care for your pet. This can be tricky if you actually are a lion tamer, or even the owner of horses or exotic pets.
By the way, remember to appoint a "backup" just in case something were to happen to the primary candidate.
Something further to consider, especially in those outlier cases, is the expense of owning the pet. Will there be enough money to provide for the ongoing expenses of caring for your pet? Because of this practical concern, many pet owners are including “pet trusts” as part of their estate plans to provide for these ongoing expenses and to even provide compensation for those who care for their pets.
If friends with feathers, fins or fur are an important part of your life, then take time to make proper arrangements for them as part of your estate plan.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
Reference: The Humane
Society (June 20, 2013) “Backup Plan”