Getting a new pet for Christmas is something many people do. Now that you have a new addition to your family, you should consider what might happen to your pet should something happen to you. Who will take care of it? Will there be enough money to take care of medical expenses and other needs? If you live in Greensboro, North Carolina, making a will to ensure your pet is taken care of is not enough. However, you can create a pet trust that will ensure your pet receives the proper care and attention.
With a pet trust you get to set aside some money that is specifically designated to take care of your pet should the need arise. If, for example, you are in an accident and can no longer care for your pet, the pet trust will allow someone else to step in and use the money to provide for the pet care costs.
When you establish a pet trust you get to choose not only who will provide the actual physical care for your pet, a person known as a caregiver, but you will also appoint someone who will manage the money and distribute it to the caregiver as needed. This person, known as the trustee, is responsible for protecting the interests of the pet and ensuring the caregiver provides adequate care. If the caregiver fails to treat the pet properly, you can allow the trustee to appoint a new caregiver so the pet is looked after in a way you want.