Taking care of your pet is our number one concern and I thought we've covered everything: fashion, accessories, travel, kennels, sitters, insurance, etc. But I came across something that I'm surprised I haven't heard of before: a trust for your pet.
These trusts guarantee that your pet will be taken care in the event that you may not be able to, such as vacation, incapacitation or (knock on wood) death. A trust can detail anything from who will be the day-to-day caretaker, to what measures you would want to take if your pet falls ill. Like wills, they can be amended at any time.
Check with your state for what guidelines there are. For example, Wisconsin law prohibits owners from leaving money directly to an animal, but they can be left to a trustee or caretaker.
But New York has no such limitation and New York real estate billionaire Leona Helmsley left $12 million to her white Maltese, Trouble. Yea, 12 MILLION.
How much would you leave your pet?
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