Don't Forget About Pets When Planning for Disability and Death
42:3 Generations 109 (2018)
4 Pages Posted: 25 Jan 2019
Date Written: July 12, 2018
Dogs, cats, parrots, and other pet animals play significant roles in the lives of many individuals. The bond between a pet owner and his or her companion is strong, and recent studies show that this bond can be even deeper with older owners. Accordingly, it is of vital importance to include pets when a pet owner, especially an older one, makes plans for disability and death. This article provides an overview of the techniques a pet owner should consider when planning his or her estate.
Keywords: pets, pet trusts, statutory pet trusts, animal caregivers, estate planning, companion animals
JEL Classification: K11
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