Many Texans care deeply about the animals in their lives. To many people, their dogs, cats, and other pets even feel like a part of the family. Given the fact that people can use a Texas Last Will and Testament to provide for family members, it only makes sense that Texans would have an avenue for giving property for the support of their pets.
Here’s the good news: Texas Property Code Texas Property Code Section 112.037 (“Trust for Care of Animal”) gives Texans the ability to set up a trust for the purpose of providing money for pets’ support. So, in Texas, you can have a trust for pets.
Basically, if you are concerned about your pet’s well-being in the event of your death or incapacity, you can put assets into this special pet trust to be used for the pet’s benefit. While you can’t give money to an animal outright, the trust is a good way to provide for your pets.
There are two basic types of trust for pets. You can set up a “living trust” (often called an “inter vivos trust”) for your pets, or you can set up a testamentary trust for your pets. With a living trust, the trust goes into action during your lifetime. If you have the estate planning attorneys at Shutt Law Firm create a living trust for you, our attorneys can add special language to make sure there are funds available for your pets after your death.
A testamentary trust, on the other hand, is part of your Last Will and doesn’t go into action until you die. So many of our estate planning clients prefer to incorporate a very basic trust for their pets inside their wills. If you have Shutt Law Firm prepare a Last Will and Testament for you and you have pets, make sure to mention that you’re considering a pets trust inside your Will. They’re easy to incorporate into your Will, and we charge no extra attorney fees for adding this special verbiage.
A trust attorney can discuss the possibilities for your pets’ trust to simplify the process for you.
Visit www.ShuttLawFirm.com for more information on how to create a trust in Texas, a Texas living trust (“revocable living trust”), a Texas testamentary trust, a Texas trust for pets, animals trust, or about other Texas trust and Texas estate planning documents. You may also email Wills, Estates, Probate, and Guardianship attorney Isaac Shutt at email@example.com.
You can also call Mr. Shutt at (214) 302-8197 for more information on the legal topic discussed in this blog or to discuss a different legal matter.
DISCLAIMER: Nothing in this blog post constitutes legal advice. The information provided herein is merely provided in the spirit of education. If you have a legal question, you should consult an attorney for your specific legal situation. Further, nothing in this blog shall be construed to have started an attorney-client relationship. No such relationship exists until you sign an engagement letter with the Firm.
Please consider the Shutt Law Firm if you’re looking for a Probate Plano, TX lawyer, Plano Wills Lawyer, estate planning attorney Plano, TX, power of attorney Plano, TX, or guardianship law in Plano, TX.