Are your beloved pets part of your family? If so, including them in your estate planning is essential to their future welfare if anything happens to them. What can you do to provide for pets within your estate plan? Here are a few methods to choose from.

1. Name a Guardian in Your Will

Certainly one of the easiest ways to care for pets or livestock after you pass away is to give them to someone in your will. Talk to the person or persons you want to take care of your animals in advance, then list them specifically in your will's special instructions section. As with guardians for minor children, you should also name a backup caretaker for your pets in case your first choice cannot take on the task.

2. Set Aside a Bequest

Pet ownership does come with costs, so you should consider leaving a portion of your assets to care for your pet's needs. In many cases, this can simply be done within the will by leaving additional money or an income-producing asset to the guardian. If you trust that person enough to leave them your pet, you can often trust them to spend the money wisely.

3. Create a Pet Trust

A trust is a separate legal entity set up and funded expressly for one goal: in this case, providing care for your pet. You name a trustee to take over its administration. This trustee could be a friend, family member, or even an independent party such as an attorney. Trusts are good for animals who need more extensive care and spending, guardians who may not be good with money, and an owner who wants to leave specific instructions for care. 

4. Make Arrangements With an Agency

If you have no one who can or wants to care for your animal, you may make arrangements with a number of outside organizations. Dedicated animal or breed rescue organizations often take pets when their owners pass, for instance. After speaking with the agency, name them in your will along with instructions for the executor. You should also consider either a bequest to care for the animal's needs or a charitable donation for the agency. 

Where to Begin

No matter how simple or complex your plans for the care of your animal will be, the best place to begin is by consulting an estate planning attorney in your state. They will work with you to ensure your arrangements are legally enforceable and provide the outcome you desire. Visit websites like http://wolfleylawoffice.com/ to make an appointment.