The majority of homes in the United States have pets, with many owners treating their pets as family members. As with any loved one, it's important to consider how pets will be taken care of in the event that tragedy strikes.
Because pets are considered personal property under state law, they need special consideration in an estate plan to ensure they receive proper care when their owners can no longer care for them. A pet trust can dictate the type of care a pet will receive after its owner is gone and supply funds for that care; it also gives owners peace of mind knowing that their beloved pets will be cared for.
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