Estate planning for pets

07/17/2014 | WealthManagement.com (U.S.)

This estate planning expert found that older clients were hesitant to welcome pets into their homes because of fears their pets would outlive them. She responds to their concerns with planning tips to help clients orchestrate a smooth transition for their animal companions. Clients can't leave assets to pets, which are themselves property, but they can create a pet trust, which is commonly formed by a will and funded on the client's death.

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WealthManagement.com (U.S.)

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