While it may seem odd, leaving your estate to your pet is not as uncommon as you might think. This article addresses some of the more common concerns regarding this trend. 

Since 2008, 29 states have adopted pet trust laws and all 50 states have general guidelines in place. While you cannot leave your pets money or property, you can name a guardian for them and leave your money and property to that person. This can be tricky, however, as it can often be challenged successfully in court. 

If someone wishes to leave assets to their pet(s) in a legally binding way, it’s probably best to establish a trust. It’s also often recommended to establish a separate trustee who is not also the pet’s caregiver. By doing so, it’s more likely that your wishes will be carried out if there is more than one person involved in carrying out the trust’s terms.

There are other options for ensuring your pet is left in the best care possible after you die. There are animal protection groups who, with a set monetary donation, will care for your pet(s), often with the intention of finding a new forever home. 

If you have questions about leaving assets to your beloved pet, contact Rhodes Law Firm today.