Pet Trust Planning in Virginia

pet trust, pet guardianship,Virginia Beach, Norfolk, Portsmouth, Chesapeake, Suffolk, Isle of Wight, Smithfield, Hampton, Newport News, Yorktown, Gloucester, Williamsburg, Richmond, Henrico, Chesterfield, Powhatan, Dinwiddie, Franklin, Accomack, Petersburg, Poquoson, Amelia, Prince George, Goochland, Charles City, Sussex, Colonial Heights, Hopewell, Mechanicsville, Hanover, and Midlothian.

A “Pet Trust” is a legally valid arrangement to provide for the care and maintenance of your companion animal after your unable to.  Under Virginia law, the “grantor” or the person who create the trust may put the financial resources into the trust to be paid to a caregive to support the companion animal.  The life of a trust lasts as long as the animal or last surviving animal, if there are several, lives. 

At the end of the life of the trust the remaining proceeds are distributed either per the terms of the grantor’s will or terms of the trust.

The Two Most Important Issues In A Pet Trust

The two most important issues in a pet trust are the selection of the caregiver and proper planning of the details.

It goes without saying that the selection of the caregiver by the pet owner should be a person who loves and will take good care of your companion pet.  It is generally not adviseable to make the caregive and the trustee of the trust the same person to avoid confusing interests.  However, it is not prohibited.

The planning of the pet trust in Virginia is very important in order to avoid confusion, omission, or conflict.  Some issues to consider are:

  • Properly identifying your pets in order to prevent fraud using photos, microchips, DNA samples;
  • Outlining in detail your pet’s standard of living and care and your expectation for their care;
  • Require regular inspections of your pet(s) and the caregivers living arrangements by the trustee;
  • Determine the amount of funds needed to sufficiently cover the expenses for your pet’s care and the administrative costs of the trust;
  • Designate a remainder beneficiary in the event the funds in the pet trust are not exhausted;
  • Provide instructions and funds for the final disposition of your pet.

Pet trusts can give you the peace of mind that when you are no longer there to care for your pet companion they will not be discarded as property.  Call Merna Law to create your pet trust today.

 

 

 

wills, trusts, estate planning, power of attorney,Virginia Beach, Norfolk, Portsmouth, Chesapeake, Suffolk, Isle of Wight, Smithfield, Hampton, Newport News, Yorktown, Gloucester, Williamsburg, Richmond, Henrico, Chesterfield, Powhatan, Dinwiddie, Franklin, Accomack, Petersburg, Poquoson, Amelia, Prince George, Goochland, Charles City, Sussex, Colonial Heights, Hopewell, Mechanicsville, Hanover, and Midlothian

REQUIRED BAR NOTICE: THESE TESTIMONIALS DO NOT GUARANTEE SIMILAR RESULTS.

 The Merna Law Group, Attorneys At Law, P.C. …overall experience was outstanding!5 Stars! “My husband and I were very happy with The Merna Law Firm. They are well organized, time manageable, and friendly. I was even able to bring my children with me if I needed to. In court, they stayed right there beside us and answered all questions we had. Our overall experience was outstanding and I am glad we were represented by the Merna Law Group.” Reviewed by A.M. of Suffolk on Mar 5 . 
 The Merna Law Group, Attorneys At Law, P.C. …kind and friendly from the start!5 Stars! “Everyone there was kind and friendly from the start and helped us with everything in a timely manner. They were never rude no matter how much we called or asked questions.” Reviewed by B.P. of Virginia Beach on Feb 20 . 
 The Merna Law Group, Attorneys At Law, P.C. …very helpful and friendly!5 Stars! “Everyone at the office was very helpful and friendly. The attorney answered all of our questions and helped us through the entire process. He was also very helpful answering concerns that we had after the process was completed/over. Highly recommended!” Reviewed by M.E. of Virginia Beach on Mar 11 . 
 The Merna Law Group, Attorneys At Law, P.C. …kind and friendly from the start!5 Stars! “Everyone there was kind and friendly from the start and helped us with everything in a timely manner. They were never rude no matter how much we called or asked questions.” Reviewed by B.P. of Virginia Beach on Feb 20 . 
 The Merna Law Group, Attorneys At Law, P.C. …overall experience was outstanding!5 Stars! “My husband and I were very happy with The Merna Law Firm. They are well organized, time manageable, and friendly. I was even able to bring my children with me if I needed to. In court, they stayed right there beside us and answered all questions we had. Our overall experience was outstanding and I am glad we were represented by the Merna Law Group.” Reviewed by A.M. of Suffolk on Mar 5 .