Estate Planning For Your Pet

Michigan is one of what, last I checked, was 33 states that allow trusts created for the benefit of a pet. This makes sense given the emotional attachment and love many people have for their pets. Sunday, Christopher Yugo wrote an interesting article regarding estate planning and his pet specifically.

In it he says:

Although you can’t leave Fido money, you can establish a pet trust for his support. A pet trust is a device to provide financial support for the care of your pet. After your pet passes, the remaining funds will be distributed to the beneficiary of your choice.

You can read the article here.