O'Reilly Law

We help protect your family like they are our own family

Call Now : (332) 456-0500
Attend a Free Seminar
  • Home
  • Who We Are
    • About Our Firm
    • Attorney Profile
    • Advantages of Working With Our Firm
  • How We Help
    • Wills and Trusts
    • Advanced Estate Planning
      • Estate and Gift Tax Figures
      • Family-Owned Businesses
      • Business Owners and Asset Protection
    • IRA Inheritance Planning
    • Specialized Family Situations
      • Remarriage & Blended Families Protection
      • Special Needs Planning
    • LGBTQ Estate Planning
    • Medicaid and Elder Law Planning
      • Are You A Caregiver?
      • Coping With Alzheimer’s
      • Emergency Medicaid & Nursing Home Planning
      • Hospice Care
      • Medicaid Planning
    • Incapacity Planning and Caregiver Support
    • Minor Children & Young Adult Planning
    • Pet Planning
    • Probate and Trust Administration
  • Workshops
  • Free Resources
    • DocuBank
    • Elder Law Resources
      • Elder Law & Medicaid Definitions
      • Elder Law Reports
    • Estate Planning Resources
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate Planning Techniques
    • Free Medicaid Calculator
    • Frequently Asked Questions
      • Estate Planning
      • Incapacity Planning
      • LGBTQ Estate Planning
      • Trust Administration & Probate
      • Wills
    • LGBTQ Resources
    • Newsletters
    • Pre Consultation Form
    • Published Book
    • Special Needs Resources
    • Trust Administration & Probate Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss of a Loved One
      • The Mourner’s Bill of Rights
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Trust Administration & Probate Definitions
  • Blog
  • Contact Us

Protect Your Beloved Pet in Your Estate Plan

November 9, 2021 by Neil O'Reilly

pet trust According to a National Pet Owners Survey that was conducted last year, 67 percent of American households own a pet. This equates to 85 million, and these fine furry friends become beloved members of these families.

True Love

You can really get a good idea about the way that people feel about their pets through social media. There is a steady stream of amazing, heartwarming, and inspiring content that revolves around the actions of dogs, cats, rabbits. lizards, and other pets.

They are a blessing, and pet ownership is rewarding for people of all ages. Obviously, children adore their pets, and as a dog lover and an elder law firm, we recognize the value of pet ownership for senior citizens.

Many elders could use some companionship, and man’s best friend can certainly fill the bill. Longevity will sometimes be a source of concern for seniors that would like to adopt a pet, and this is understandable.

Fortunately, if you have that love in your heart, you can enjoy pet ownership secure in the knowledge that your best friend will be provided for properly if you predecease them.

Why Have a Pet Trust?

Have you ever gone on vacation or had a simple emergency and needed someone to take care of your pet in a pinch? I imagine that most pet owners have, like I have, sometimes had problems finding someone on short notice. The reason is simple. Although your pet is clearly amazing and lovable, and may be the center of your world, for other people it can be inconvenient to fit your pet into their schedule.

Now imagine who would take care of your pet if something tragic happened to you. You need to make sure that your pet receives all the care it is used to and that it does not become such a burden that it either bounces from new household to new household or, worse yet, ends up in an animal shelter.

The solution for your pet and your peace of mind is to make it easier on someone else to take care of your pet and you can do this by creating a pet trust that supplies a small amount of money for food, vet care, someone to take the pet for a walk, or any other service that would minimize the inconvenience to whoever will take care of your pet after you pass.

Let’s get serious, it’s a big worry whether anyone will ever love your pet and care for them the way you do.

You can make sure your pet is properly cared for by making it easier on the next caregiver and minimize the inconvenience to them with the simple solution of a pet trust.

What is a Pet Trust?

You can account for a pet in your estate plan if you establish a pet trust. There was a time when they were not universally recognized, but at this point, you can establish a trust for the benefit of an animal in all 50 states.

When you create the trust, you have to name a trustee that will act as the administrator of the trust after your passing. Any mentally competent adult that is willing to assume the role can technically act as the trustee of a pet trust, or any other type of trust for that matter.

The trustee does not necessarily have to be the individual that will actually care for the pet in a hands-on manner. In fact, some people use a professional fiduciary like a trust company or the trust department of a bank. If you go in this direction, there will be a professional money manager at the helm, and there will be inherent organizational oversight.

You can be very specific about the way that you want pet to be cared for after you are gone when you are drawing up the trust declaration. If you want to lay out an exercise schedule and specify the types of food and treats that should be purchased, you can do so.

A nice thing about a pet trust is the fact that you do not have to be overly concerned about the precise amount of money that you convey into it. When you create the trust, you name a successor beneficiary, and they would inherit assets that remain in the trust after the death of the pet.

Attend a Free Webinar!

We conduct webinars on an ongoing basis that share important information about estate planning and elder care topics. There is no charge to attend these events, and they couldn’t be any more convenient, so this is a time investment that will yield an immediate dividends.

You can see the dates if you head over to our webinar schedule page, and we ask that you register in advance if you decide to join us so that we can reserve your spot.

Need Help Now?

If you have already learned enough to know that it is time for you to work with a Staten Island estate planning lawyer to put a plan in place, we are here to help.

Each situation is different, and the ideal way to proceed will depend on the circumstances. Personalized attention is key, and this is what you will receive when you choose our firm.

You can set up an appointment right now if you call us at 332-456-0500, and you can use our contact form if you would rather send us a message.

  • Author
  • Recent Posts
Neil O'Reilly
Neil O'Reilly
Cornelius (“Neil”) J. O’Reilly is an attorney whose practice is focused in the areas of Estate Planning, Estate Administration, and Business Succession Planning. His main goal is to demystify Estate Planning for his clients so they can gain peace of mind knowing that they have provided for their families by passing along their hard-earned wealth and by minimizing the stress they will experience if the client becomes incapacitated or dies. He has created the firm with the belief that an estate plan should be driven by the unique needs and desires of each unique client. That’s why there are no “cookie cutter” plans or canned solutions offered to any client. Instead, Neil helps clients identify their goals and then builds estate plans based on those goals.
Neil O'Reilly
Latest posts by Neil O'Reilly (see all)
  • The Evolution of our Unified Estate and Gift Tax System - April 14, 2022
  • Why Is Special Needs Planning Important? - April 12, 2022
  • Double Your Gifting with Spousal Gift-Splitting - April 7, 2022

About Neil O'Reilly

Cornelius (“Neil”) J. O’Reilly is an attorney whose practice is focused in the areas of Estate Planning, Estate Administration, and Business Succession Planning. His main goal is to demystify Estate Planning for his clients so they can gain peace of mind knowing that they have provided for their families by passing along their hard-earned wealth and by minimizing the stress they will experience if the client becomes incapacitated or dies. He has created the firm with the belief that an estate plan should be driven by the unique needs and desires of each unique client. That’s why there are no “cookie cutter” plans or canned solutions offered to any client. Instead, Neil helps clients identify their goals and then builds estate plans based on those goals.

O'REILLY LAW

BLOG SUBSCRIPTION

Subscribe to our blog to get all of the latest news and updates from O'Reilly Law, LLC!

DOWNLOAD FREE ESTATE PLANNING WORKSHEET

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

FOLLOW US

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter

O'REILLY LAW

1110 South Ave. Suite 33
Staten Island, NY 10314
United States (US)
Phone: (332) 456-0500

OFFICE HOURS

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM
Logo
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
The information on this New York Attorney/Law Firm website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. © 2023 American Academy of Estate Planning Attorneys, All Rights Reserved, Attorney Advertisement. Privacy Policy | Contact Us| Disclaimer | Site Map | Powered by American Academy of Estate Planning Attorneys