6 Things You Need to Do Now to Protect Your Beloved Pets
Pets sometimes outlive their owners. If you suffer an accident or illness, it could leave your cat,
dog, horse, iguana, or any other pet without a caregiver, which, without proper planning, could
result in your beloved pet being sent to an animal rescue or shelter that is not of your choosing.
Take a few steps to protect your beloved pet's future and ensure they are always cared for, no
matter what happens.
1. Carefully Choose a Pet Caregiver
Talk to more than one trusted person until you find someone willing to physically care for
your pet if something happens to you. If you have more than one candidate, select one as
your backup in case circumstances change - a caregiver can move, change their mind, or
pass away. Caregivers must have the right environment to receive your pet and
accommodate their daily needs.
2. Create a List of Emergency Contacts
Just like people, pets likely have professionals that should be called in an emergency. This
can include their primary veterinarian and any specialist they may be seeing. You may also
want to include the contact information for any boarding facilities you have used in the past
or petsitters that come to your home when you cannot take your pet with you.
3. Create a List of Your Pet's Medications
Like people, some animals need medications to cure a temporary illness or supplements to
manage a chronic condition. It is important that you have a list of these medications and
times when they are administered to make sure that whoever is caring for your pet is
prepared to administer them.
4. Create a Budget for Your Pet's Needs
Your checklist should include monthly or annual expenses for your pet, including the
following:
- Regular pet food purchases
- Treats
- Recommended supplements or vitamins
- Routine veterinary checkups and vaccinations
- Preventive medications (flea, tick, heartworm)
- Dental cleanings and care
- Prescription medications for chronic conditions or illnesses
- Haircuts or professional grooming services
- Litter, litter boxes, waste bags
- Toys and enrichment items
- Pet insurance premiums
- Boarding
- Training or obedience classes
- Travel expenses
- Licensing
Developing this budget will help you estimate costs that a caregiver may have to shoulder or
allow you to set aside an appropriate amount of money in your estate plan (either outright to
the caretaker or in a pet trust) to cover expenses for your pet's expected lifetime based on
age, health, and breed.
5. Research Local Shelters
Although you do not want your pet to end up in a shelter if something happens to you, it is
important that you plan for all contingencies. By researching local shelters and pet rescues,
you can take control of your pet's future by knowing which one would be acceptable in the
event your family or friends cannot take your pet. This is a decision that we can document in
your estate plan so that your trusted decision-makers know your wishes.
6. Contact an Estate Planning Attorney
Armed with a detailed list of expenses and critical information, you will be prepared to share
it with potential pet caregivers if you experience a medical emergency and can no longer
care for your pet. The best way to do this is with legal documentation. Take this information
to an estate planning attorney to create a will or pet trust with a letter of instruction for your
pet caregiver. Let your pet caregiver know you have a will naming them the beneficiary of
your pet or as the trustee of a funded pet trust to help them with caretaking expenses. Give
them the name and contact information of your executor, trustee, and estate planning
attorney so they can access a copy of your documents when necessary.
If your pet outlives you, a trusted caretaker will have what they need to ensure a loving
environment. By taking the right steps, you will be helping your family members, friends, or local
pet welfare agencies provide the best possible care for your pet. If you need to update your
existing estate plan or create a new one to provide for your beloved bet, give us a call to
schedule an appointment.
MEREDITH | PC
4325 Windsor Centre Trail
Suite 400
Flower Mound Texas 75028
214-513-1013
This newsletter is for informational purposes only and is not intended to be construed as written advice about a Federal tax matter. Readers should consult with their own professional Counselors to evaluate or pursue tax, accounting, financial, or legal planning strategies.
You have received this newsletter because I believe you will find its content valuable. Please feel free to Contact Me if you have any questions about this or any matters relating to estate planning.
