A Trust for Your Pet: New Law Helps Fifi and Fido
— Mary Anne Vance, Attorney at Law
Ellen's and Chuck's "babies," Fifi and Fido, are the light of their lives. They take them everywhere they go, spend money on the best babysitters, buy the tastiest food and make sure the "youngsters" get just the right amount of exercise. Chuck and Ellen never wrote a Will for typical reasons, such as: money, time, and besides, they have no children.
Ellen and Chuck might be happy to know that Washington State Law RCW 11.118 now allows each of us to create a Pet Trust to ensure there will be plenty of money for your pets to continue to live in the style they are accustomed to living.
You can now designate a person in your Will to be a Trustee and manage money for the benefit of your pets. When the pets pass away, your Will directs where the remaining funds go, such as to a friend or charity. There is no limit on the amount of money you can choose to leave for the care of your animals.
Contact me if you have specific questions or would like to schedule an appointment.
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