If you have adopted horses as a member of your family, you already know that they may live 25 – 30 years, plus. It is therefore a possibility that your precious ponies could outlive you. Horses are large animals that require equally large care – expensive food, adequate space, continued socialization, exercise, and often very costly veterinary care.
Your beneficiaries may not have the property, ability, or knowledge to care for your animal companions, especially if they are horses or other pets who need expensive care or medical treatment. This is certainly something to consider with any pet, but particularly for large animals that often are abandoned in California when they cannot be cared for financially.
Pet trusts can allocate funds from your estate to continue care for your pet in the event that they outlive you. Not only can you allocate money to provide for your pet’s living and medical expenses, but you can designate a capable caregiver who has the knowledge and space it takes to care for your pet.
Contact the Law Office of Carol A. Fauerbach at (916) 597-1305 for more information about estate planning options that can protect your animal companions.
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