Joan Rivers’ Estate is a Prime Example of Proper Pet Planning

Joan Rivers left behind an estate estimated to be worth $150 million. Reports indicate that her estate was relatively simple - she left the majority of her estate to her only daughter, Melissa, and to her grandson. Then there was a more complicated estate planning strategy utilized by Rivers - she made sure her dogs would be taken care of after her passing. She owned two rescue dogs who lived in her New York apartment and two other dogs who lived in her California home. Rivers made sure to designate who would take care of her pets and left adequate funds for their care. Many pet owners worry that providing for pets through their estate plan could be more costly than it's worth. However, it isn't as hard as some people might think. Trust laws vary in each state, but traditional pet trusts are effective and available in all 50...

28 December

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Take Care of Your Furry Loved Ones – The Benefits of a Pet Trust

Posted by Bobby Feisee

in Bobby's Blog

Many people who own pets consider them to be a member of the family, much like a child. When planning your estate, you consider your children and make plans to pass on assets and ensure your children are protected. The same logic applies to your pets – you want to make sure there is someone designated to take care of them when you are no longer able to. Many pet owners just assume that their remaining family members will continue to care for their beloved pet. As the years go by, your surviving spouse may not be able to handle the additional care of a pet. Even if they want to help with the care of your pets, your adult children may not have the ability to take care of them or may live in an apartment complex that does not permit pets. This is where a...