Do Youve Got A Contingency
Do You Have a Contingency Plan in Place for Your PetIn the United States approximately 62% of households have a pet. In a recent independently administered ASPCA survey of 1000 pet owners, only 17% had taken the necessary legal steps to protect their pets future. Among the 1000 pet owners surveyed 42% already had a valid will in place but only 18% included their pet in it. The ASPCA estimates approximately 100,000 pets are entered into shelters every year due to their guardian becoming unable to care for them or because the guardian died. And, of the four million pets euthanized in shelters in the United States each year, around 500,000 are euthanized because their owners did not have a contingency plan in place encase of their absence. The pets fate is left to luck and circumstances if their human caretaker did not develop a plan. Often, it is a family member of the pet owner who brings the pet to a shelter claiming they do not have the resources to care for the pet and all efforts to find it a new home have failed. Many times the pet is quite elderly and will spend their final days among strangers in a strange land. These orphaned animals are so despondent not wanting to eat or interact with others, that they are labeled as unadoptable and do not sell well. In the eyes of the law, animals are considered tangible personal property, however, estate and trust lawyers do not think of pets as property thereby rarely raising the issue of pet guardianship and animal trusts when discussing other estate planning issues with their clients. All responsible pet owners need to have a contingency plan in place for their pets; something concrete to ensure their pets will be taken care of should something unexpected happen to them. Start by naming, at least, two responsible friends or relatives committed to caring for your pets, permanently if you die, temporarily if you are hospitalized or incapacitated. If a committed friend or family member cannot be established, the Learn More...Do Youve Got A Contingency
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