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So her continued care seems pretty certain. One of the latter group is Choupette, the fluffy, long-haired Birman who belonged to the recently deceased fashion designer Karl Lagerfeld.Īpparently, Choupette (who already had earned her keep by appearing in advertising for Lagerfeld) inherited a decent-sized (especially for a cat) chunk of Lagerfeld’s fortune.
#FINICKY 9LIVES SPOKESCAT TV#
There are many famous pets in this world, whether because of their own fame (e.g., Morris, the famously finicky 9 Lives “spokes cat” who endeared himself to generations of TV viewers) or due to their owners’ renown. What will happen to any remaining money in the trust once your pet passes away.The amount you estimate your pet’s caregiver will need to handle pet-related expenses.The likelihood of your pet developing any serious health issues as it ages.How often the caregiver should report on your pet’s status to the trustee.
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#FINICKY 9LIVES SPOKESCAT HOW TO#
How to Create Pet TrustsĮvery state and the District of Columbia now have laws governing the creation and use of pet trusts. Pet trusts are not unlike divorce settlements involving pets since, regardless of decisions made, you know your pet will receive good care even if it’s not from you. Pet trusts provide a way to ensure your pet(s) is/are placed in the care of someone you designate and that a trust (i.e., the money you designate for their care) is dedicated without any question to their needs for the rest of their natural lives. So you should have a pet trust! Definition of a Pet TrustĪccording to the ASPCA, “A pet trust is a legally sanctioned arrangement providing for the care and maintenance of one or more companion animals in the event of a grantor’s disability or death.” How do pets even process the loss of their human, much less without a companion to help them through the trauma? Many a bereaved pet–especially an older one–ends up at shelters, where their fate is uncertain at best. This says that once animals become our pets, they are well cared for (unlike strays and shelter animals). Thirty-eight percent of households had dogs, 25% had cats, and 13% had “specialty” or “exotic” pets (ranging from gerbils to parakeets to boa constrictors).Īccording to the same source, pet owners take their pets to the veterinarian’s office, on average, 2-3 times per year. Pet Trusts and Why They Are a Good IdeaĪt the end of 2016, nearly 57% of U.S. If this is something that might affect you, please read on. In this article, we’ll share important information about how to ensure the ongoing care of your pet(s) when you are no longer around to do it.
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However, there comes a time when this is reversed and one or more beloved pets suddenly find themselves alone when their human passes away.
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But how many of these people have ever thought about pet trusts?ĭevoted pet owners will outlive multiple pets over their lifetimes. There are few, if any, pet owners who don’t consider the non-human animals they live with part of the family and would do just about anything to protect and care for them.
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