Names of dogs: Oreo born 16 Dec 2012, Fifi 1998-2012
Poodle Type: Miniature Poodle
Location: Oahu, Hawaii
Thanked 568 Times in 233 Posts
Estate planning for pets
I went to a workshop last night offered by the Hawaiian Humane Society on estate planning for pets. If was very informative and quite eye opening. I was just wondering if anyone else has made provisions for their dogs and if so, how did you decide who takes care of them and what is an appropriate amount to place in the trust for their care?
The greatness of a nation and its moral progress can be judged by the way in which its animals are treated. (Mahatma Gandhi)
Oreo: 16 December 2012
Fifi: 8 Sept 1998 to 20 November 2012
The Following User Says Thank You to Oreo's Mommy For This Useful Post:
I had this conversation with my sisters, and my nephew and niece. They were rather taken aback that I should need to ask - of course they would care for my animals as if they were their own. But I have heard of cases where pets have been dumped in rescue - or, worse, euthanised or put out in the street - when their owners die or are hospitalised, so it is certainly something we all need to consider. The Cinnamon Trust (The Cinnamon Trust - The National Charity for the elderly, the terminally ill and their pets) was set up in the UK for just this reason.
If I were establishing some sort of trust fund, I think you would need to consider annual insurance, food, grooming, routine vet bills, transport, possible boarding, and what would happen to any remaining capital when the pet eventually dies.
To sit with a dog on a hillside on a glorious afternoon is to be back in Eden,
where doing nothing was not boring- it was peace.
~ Milan Kundera
The Following User Says Thank You to fjm For This Useful Post:
yes, we have provisions for the animals and the human children, in the event of our demise... We have not set up trusts for any of them, because we know, love, and trust our executor(s), and are reasonably certain that they will make the best use of whatever we leave to benefit those we leave behind. Custody and care of the people and pets are actually addressed in our wills. We have also made sure that the dogs (and children) have relationship with their home in case they lose us. Sure, we'll be missed, but it's not like they'll be shunted off to a place they have never seen before with people they don't know...
It was not a tough choice for us - we chose the people who were most able and willing to handle the responsibility, and who know us well enough to ensure a continuum of care.
Sarah and Spike, (Tintlet Celtic Warrior,TC, CGC)
The Following User Says Thank You to sarahmurphy For This Useful Post: