May is National Pet Month

Happy National Pet Month! It might be fun to celebrate with our beloved pets by taking an extra walk, adding an additional day at doggie daycare, or buying a new toy. These are all great ideas, but there’s something even better (and often overlooked) that we can do to show our pets love and appreciation. We can plan ahead for our pets’ care during a time that we’re no longer able to take care of them due to prolonged illness or death. There are a few ways to ensure long-term or permanent care for pets which will be discussed below.

Powers of Attorney

Powers of Attorney authorize an individual to conduct your affairs while you are alive but unable to manage these matters for yourself. These arrangements are very common, but you may not know that you can add provisions in your Power of Attorney agreement that authorizes your agent to care for your pets, spend money for their care, or even place them with a permanent caregiver.

Trusts

Unlike a Will, a Revocable Living Trust Agreement does not have to be probated to become effective, thus ensuring uninterrupted care of your pets. A Revocable Living Trust Agreement takes effect immediately upon execution and may be used in the event of illness, lack of capacity to care for yourself, or your death. A provision can be included in your existing trust to cover the care of your pets. Additionally, many states have legalized what are known as Pet Trusts. NH’s Pet Trust Law, RSA 564-B:4-408, was enacted in 2004 and applies to trusts created for the care of the Grantor’s animals. The Trust terminates upon the death of the last surviving animal covered by the trust.

So, by all means, take an extra walk and buy that new toy to celebrate National Pet Month, just don’t forget to consider including your furry friend in your Estate plan.

It’s important to seek help from professionals who can guide you in recommending and preparing the necessary legal documents that can protect the interests of your pet. Contact Loftus Law Offices, PLLC, and we will work with you to create a sound plan for your family’s unique needs.