Should You Have a Discussion with Your Veterinarian about Your Plan to Establish a Massachusetts Pet Trust?
Posted March 14, 2011on:
There may be nobody except you with as much knowledge about and insight into the health and well-being of your pet as your pet’s Veterinarian, so a discussion with the Veterinarian during your estate planning process can be of great help.
Medical records and the possible future needs of your pet can be outlined for the Caretaker, and a Pet Life Plan can be created. Dietary or medication schedules or exercise plans can be placed into writing for the future use of the pet’s Caretaker, and, in some cases, you may also wish to make tentative arrangements for eventual death of your pet.
You and your Veterinarian should discuss your pet’s potential lifespan, to help estimate the total costs that may be needed for the care of your pet and the necessary funding of the Pet Trust. Under Massachusetts law, a judge can reduce the amount going into the pet trust, so you should not guess blindly on how much the pet may need.
Posted by: Brian E. Barreira, Esq. / 18 Samoset Street, Plymouth, MA 02360 / 508-747-8282