Your beneficiaries can even have feathers, fins or fur as long as you plan properly.
Maybe it is for the memories. Perhaps it is for wildlife preservation.
Whatever your reasons for bequeathing assets to animals, the right estate planning can make it happen.
In fact, you are not alone.
A recent article in The Northwest Arkansas Democrat Gazette, titled “Animal lover leaves Little Rock Zoo nearly $3M, biggest gift ever,” tells the story of one women, Jayne Jackson, who accomplished this dream.
How did she do it?
She set up a trust and used it to create an endowment fund, naming the zoo as the beneficiary.
During her lifetime, she worked out all of the required details with the Arkansas Zoological Foundation to make sure all went according to plan at her passing.
She loved the Zoo's outreach, animals and especially their beautiful birds.
Although you may not be able to leave nearly $3 million like Jackson, you too can provide for the care of the animals you love through advanced planning with an experienced estate planning attorney.
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.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: Northwest Arkansas Democrat Gazette (June 14, 2016) “Animal lover leaves Little Rock Zoo nearly $3M, biggest gift ever”