Estate Planning

Will Your Pets be Taken Care of after You’re Gone?

Will Your Pets be Taken Care of after You’re Gone?

Estate Planning

Our pets are the joys of our lives, and they feel the same way about us. If there’s a chance your pet may outlive you, you want to make sure it continues to be well taken care of. Do you know anyone with a parrot? They can live to be eighty years old, and have a higher chance of outliving their owners. It’s important to think about who will take care of your pet and to provide them with the funds to do so.

Estate planning for pets has become more common recently, and the costs account for food, vet bills, medication, travel expenses, and more. Here are a few things you can do to ensure your pet is in the best hands and receives the best care possible:

• Write up detailed care instructions, including diet, medication, vet schedule, travel instructions, and anything else that is important in their routine

• Identify the primary caretaker of your pet, plus back-ups

• Leave money in a trust for the caretaker to use to provide for your animal. There are ways to ensure the money is only used for your pet, such as designating a trustee who will be responsible for giving money to the caretaker as needed over time.

• Microchip your pet for identity confirmation. There are unfortunate stories of caretakers replacing the animal once it dies with a similar-looking one to keep the funds coming.

• If possible, find an “animal care panel,” which is a group of veterinarians who check in on your pet to ensure it’s being cared for as intended

• Sometimes people leave their homes to their pets and caretakers to ensure their pets don’t need to adjust to new surroundings

• If you’re unable to find someone you know to care for your pets, you can bequest them to an animal welfare nonprofit. They usually require a fee and guarantee your pet will be cared for until a suitable family is found.

 

Important Disclosure Information: The information contained within this blog is for informational purposes only and is not intended to provide specific advice or recommendations. Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Schultz Financial Group Incorporated), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Schultz Financial Group Incorporated. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Schultz Financial Group Incorporated is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Schultz Financial Group Incorporated’s current written disclosure statement discussing our advisory services and fees is available for review upon request. Please Note: Schultz Financial Group Incorporated does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Schultz Financial Group Incorporated’s web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Where you want to go in life is up to you. How to help you get there is up to us.

Contact us today to start your journey…

Contact

Schultz Financial Group Inc.
10765 Double R Blvd. Suite 200
Reno, NV 89521
Phone: (775) 850-5620
Fax: (775) 850-5639
Email: info@sfginc.com

Where you want to go in life is up to you. How to help you get there is up to us.

Contact us today to start your journey…

Contact

Schultz Financial Group Inc.
10765 Double R Blvd. Suite 200
Reno, NV 89521
Phone: (775) 850-5620
Fax: (775) 850-5639
Email: info@sfginc.com

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Copyright © 2018 Schultz Financial Group Inc.

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