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More Americans Are Writing Their Pets Into Their Wills
Wall Street Journal ^ | Jan 12, 2014 | Anne Tergesen

Posted on 01/12/2014 8:10:36 AM PST by Innovative

The number of Americans owning pets is at a record high, and more people are making provisions in their wills to provide for these animals after they're gone.

But to ensure your pet is cared for as you intend, it's important to set up a pet trust—an arrangement that 46 states permit.

"Pet trusts aren't just for the wealthy," says Frances Carlisle, a trust and estates attorney in New York. For most pet owners, she adds, the goal "is to make sure a plan exists for the care of the animal."

Pet trusts can take effect either after you die or while you're alive. The latter provides for care of the pet in the event you suffer an accident or illness that leaves you unable to take care of your animal.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Pets/Animals; Society
KEYWORDS: doggieping; estate; estateplanning; furbabies; inheritance; inheritancetax; kittyping; marriagelaws; petrescue; pets; samesexmarriage; wills
I think this is actually quite reasonable, to ensure your pets will be taken care of.

Good info with specifics in the article.

1 posted on 01/12/2014 8:10:36 AM PST by Innovative
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To: Joe 6-pack; Slings and Arrows

Doggieping, kittyping


2 posted on 01/12/2014 8:11:20 AM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: AnAmericanMother; Titan Magroyne; Badeye; SandRat; arbooz; potlatch; afraidfortherepublic; ...
WOOOF!

Computer Hope

The Doggie Ping list is for FReepers who would like to be notified of threads relating to all things canid. If you would like to join the Doggie Ping Pack (or be unleashed from it), FReemail me.

3 posted on 01/12/2014 8:11:42 AM PST by Joe 6-pack (Qui me amat, amat et canem meum.)
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To: Innovative

My pets aren’t GETTING anything, but my Bestie is in charge of taking them in, or finding them good homes. And it’s in my Will.

Knowing her, she’ll keep my chickens, at a minimum, LOL!


4 posted on 01/12/2014 8:13:13 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Innovative

Pets are just substitute children for a certain percentage of the population. Writing pets into wills used to be the forte of rich, elderly women.


5 posted on 01/12/2014 8:15:24 AM PST by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; me = independent conservative)
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To: Innovative

6 posted on 01/12/2014 8:15:52 AM PST by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: Innovative

We set up a trust for our pets,especially our horses.To much animal cruelty out there to take a chance.


7 posted on 01/12/2014 8:17:03 AM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Innovative

I think this is what the Roman’s did on the way to collapse.


8 posted on 01/12/2014 8:17:20 AM PST by Track9 (hey Kalid.. kalid.. bang you're dead)
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To: All

Seems like the ancient Egyptians worshipped their pets just as well.


9 posted on 01/12/2014 8:18:46 AM PST by I_Publius
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To: Innovative

Whoever takes my pet at the time, and there’s a list, will receive not only financial support for the pet but a portion of my estate. I figure if I love something I want it taken care of after I die. (Since I’m alone now, I leave half a gallon of water out and a big bowl of dry food, in case it takes somebody a while to find my body.)


10 posted on 01/12/2014 8:20:17 AM PST by Gen.Blather
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To: Innovative

My dogs come from a specific rescue organization. If I pass away, the rescue will take them back to find new homes but I have provided funds to the rescue to take care of them and other dogs in my will.


11 posted on 01/12/2014 8:24:11 AM PST by chrisinoc
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To: Track9

Lots of people raise pets instead of children. Dog parks are replacing parks for children in many areas. And that leads to locals fighting about space all the time.


12 posted on 01/12/2014 8:24:14 AM PST by Theoria (End Socialism : No more GOP and Dem candidates)
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To: Innovative; wagglebee; GeronL; Slings and Arrows; Revolting cat!

Waiting to see the day people can marry their pets to avoid the inheritance penalty.

That was the excuse we were given for same sex marriage norming.


13 posted on 01/12/2014 8:39:01 AM PST by a fool in paradise ("Health care is too important to be left to the government.")
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To: Innovative

Especially if you have a parrot, like me.

Ours is only 21. Macaws live to be nearly 100.

Of course we are child free, in our early 50’s and own two houses free and clear; gonna be one well set up parrot.


14 posted on 01/12/2014 8:41:34 AM PST by RedStateRocker (Nuke Mecca, deport all illegal aliens, abolish the IRS, DEA and ATF.)
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To: Innovative

My dogs are so awesome that friends and family are going to be fighting over them when I check out!

Don’t forget Hairy is Dog of the Year 2013! :D Yea Hairy!


15 posted on 01/12/2014 8:52:29 AM PST by Ditter
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To: Innovative

Buddy gets our house and cars, Coco gets the jewelry. :-)


16 posted on 01/12/2014 8:58:08 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Farmer Dean

“Too much animal cruelty out there to take a chance...”

I have been going on Pet Finders for a few months now and I am amazed at how many really nice dogs there are without a home because the “owner” died. I wonder if the unspoken “assumption” is that the kids/grandkids will automatically take the dog/cat/horse etc and when the time comes.. it just doesn’t happen. Setting up a plan of whatever sort (financial, no kill rescue, or the word of someone in the family/friend circle) isn’t a bad idea at all. On a side note, when Mom was terminal.. she made sure someone was taking her elderly Boston Terrier (my younger brother) and the cat (her DIL). Not all of us have months to prepare though......


17 posted on 01/12/2014 8:59:48 AM PST by momtothree
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To: Innovative

With their blood?


18 posted on 01/12/2014 9:02:21 AM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: Theoria

It’s an interesting trend. I don’t mean to judge people, it’s just noteworthy to think about the macro environment that leads to this as a popular choice and how are these larger issues new and positive or are we just repeating the same cultural mistakes failing societies have proven aren’t healthy.


19 posted on 01/12/2014 9:03:28 AM PST by Track9 (hey Kalid.. kalid.. bang you're dead)
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To: Innovative

I made out my will this past year. It wasn’t as bad as I thought it would be, and the family lawyer was very kind explaining everything to me.

Since I’m single, no children it went quick, I own stocks, bonds, 401, etc and all that needed to be sorted out when I died. Which family member would inherit, which charities, etc. I learned if I died with out a will the State would get my 401 and savings.

I left a nice chunk of change, 5k to an animal charity for the perpetual care or any pets I may have so they would be taken care of and not destroyed.

Alas, my kitty crossed the Rainbow Bridge on New Years Eve . I did leave FR a small gift as well. But it may be twenty or thirty years before you all see it......


20 posted on 01/12/2014 9:05:27 AM PST by Gefn (RIP Holly, April 1999-December 31, 2013 the best cat ever)
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To: RedStateRocker

“Especially if you have a parrot, like me.”

I’m glad to see that I’m not alone here. My parrot has another 35 to 40 years to go. I don’t.

We made arrangements also.


21 posted on 01/12/2014 9:07:04 AM PST by Stormdog (A rifle transforms one from subject to Citizen)
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To: Innovative

It may sounds kind of silly, but this is really an issue. Pet of dead owners can end up in the pound or completely abandoned if arrangements haven’t been made beforehand.


22 posted on 01/12/2014 9:28:21 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Gefn

How much money are we talking about here? If it’s a lot, have you ever thought about adopting an older child? Perhaps one who is older than you? I’m not as good as a cat, but on the plus side, I can play the harmonica.


23 posted on 01/12/2014 9:32:50 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Stormdog

A macaw with a house in Santa Rosa CA and one in the Bitterroot Valley. But people will be wondering in 75 years why he is saying “F*** Clinton”)


24 posted on 01/12/2014 9:34:24 AM PST by RedStateRocker (Nuke Mecca, deport all illegal aliens, abolish the IRS, DEA and ATF.)
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To: TexasFreeper2009

I know. That was what I was worried about too. I’ve read about too many horror stories, and was afraid that would happen to my pet.


25 posted on 01/12/2014 9:37:58 AM PST by Gefn (RIP Holly, April 1999-December 31, 2013 the best cat ever)
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To: Innovative
Some people prefer their pets to fellow humans.

Before my mother died, she requested that her ashes be mingled with those of her nasty, deceased dog. She had four ex-husbands by then -- she dumped two of them and buried the other two, who probably had willed their own deaths. She couldn't get along with anything that went about on two legs.

My sister and I did as she asked. My sister later said: "If only we'd been dogs, what a great childhood we would have had."

26 posted on 01/12/2014 9:45:18 AM PST by jumpingcholla34
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To: I_Publius; Track9

This is not the case to leave a huge estate to the pet — but it is only prudent to separate out some funds specifically for the care of the pet and name someone, with whom you made prior arrangement, to take care of them, as well as include something additional for the trouble. Otherwise even relatives or people you think you can trust and leave them your estate may just dump your dear beloved pet at a shelter, where it may well be euthanized.

In many cases pets are more deserving than people — they never criticize, they just love you unconditionally — it’s only reasonable to make sure they are taken care of, after you are gone and not leave it to chance or someone’s whim.


27 posted on 01/12/2014 9:46:42 AM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: blueunicorn6

Lol! If you had asked me a year ago I would have said a lot but I’m afraid with the stock market how much is vapor money?

On the other hand, the harmonica is good, I’m learning how to play guitar.


28 posted on 01/12/2014 9:49:18 AM PST by Gefn (RIP Holly, April 1999-December 31, 2013 the best cat ever)
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To: Innovative; Slings and Arrows; Glenn; republicangel; Beaker; BADROTOFINGER; etabeta; asgardshill; ..

29 posted on 01/12/2014 10:45:59 AM PST by Slings and Arrows (You can't have Ingsoc without an Emmanuel Goldstein.)
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To: Innovative

Good thing I named my parents cat after myself


30 posted on 01/12/2014 11:01:13 AM PST by woodro43
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To: Innovative

I decree that upon my death, my dog shall receive all bacon and cheese that is remaining in my refrigerator.


31 posted on 01/12/2014 11:03:27 AM PST by SamAdams76
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To: SamAdams76

“I decree that upon my death, my dog shall receive all bacon and cheese that is remaining in my refrigerator.”

And what happens to them after that food is gone?


32 posted on 01/12/2014 11:52:08 AM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Innovative
I have a note on my refrigerator that says:

"In the event of my death and someone is in my home reading this note, I have a cat that is likely hiding under my bed. And if I'm found dead in the house, I've likely been dead for several months so please feed her first then find her a good home..."

33 posted on 01/12/2014 1:26:12 PM PST by Hot Tabasco (Miss Muffit suffered from arachnophobia.....)
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To: TexasFreeper2009

My mother would have mine killed in half a heartbeat.


34 posted on 01/12/2014 1:36:15 PM PST by Salamander (Sleeping don't come very easy in a strait white vest.)
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To: Innovative
For everyone waxing nostalgic about the good old days when people didn't concern themselves over the fate of their animals, you're welcome to return to such an age...

An age when pets without pedigrees had less value in a court of law than a cinder block, and one spouse could terrorize the other by killing or threatening to kill a pet. Now, such behavior is recognized for what it is.

An age when animal abuse was seen as unpleasant, but perhaps amusing to certain people. Now we know that creeps who torment and kill small animals sometimes graduate to killing people, and doing horrible things to the neighbor's animals is now a crime in many places.

A slightly earlier age, perhaps, when it was claimed that animals did not feel pain as humans did. Black Beauty was originally written to protest this belief.

People reveal their character in the way they treat others under their control, or dependent on them. The celebrity who is needlessly rude to service people is rightly considered churlish. The child abuser--and I mean real child abuse--is not tolerated anymore. Beating your wife or ignoring your ailing grandfather is not tolerated. And the people who abuse their pets, the ones who leave their dogs out in subzero weather, the ones who leave their horses only green water to drink should not be tolerated, either.

Making provisions for your animals is just an extension of the care you gave them in life, not an indicator of cultural doom.
35 posted on 01/13/2014 9:06:57 AM PST by Nepeta
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To: Nepeta

+1


36 posted on 01/13/2014 9:25:48 AM PST by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: Nepeta

“Making provisions for your animals is just an extension of the care you gave them in life, not an indicator of cultural doom.”

Excellent post!


37 posted on 01/13/2014 6:32:48 PM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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