Estate Planning for Pets

9:20 AM - 10:20 AM
Temecula 2-4

Many clients think of their companion animals as family members. In discussing estate planning with your clients, it is important to make sure that the care and comfort of those animals will continue if your client should become incapacitated or die. In the confusion that often surrounds a person who has unexpectedly become ill, been in an accident, or passed away, pets can be overlooked or not properly cared for. And for clients with multiple pets, pets with special needs or behavioral problems, pets with extended lives like horses or birds, or farm animals, that need is even greater. This session will discuss specific different estate planning options for pets, including will and trust provisions, powers of attorney, pet trusts, and perpetual care programs.

Learning Objectives:

  1. Learn what to include in legal documents specifically designed for pet provisions, including power of attorney, a pet protection agreement, and a pet trust
  2. Learn how to advise on funding pet trusts and recommended distribution strategies
  3. Understand tax distinctions and exemptions related to pet trust guardians

This session is sponsored by Heifer Foundation.