Wednesday, July 18, 2012

PET TRUST

WHAT ARRANGEMENTS 
HAVE YOU MADE FOR YOUR DOG?
                                    YOUR HORSE?
              If life redirected you toward
unexpected cause to leave your dog,or horse,
                what would happen to them?

                                                 A PET TRUST


                                                          is the answer!

                               
A  Pet Trust  involves all types of pets.  Establishing a pet trust will be  appropriate for pets whose life expectancies are long, such as horses, parrots and other exotic birds. There are  birds that can live for over 80 to 100 years, outliving their owners in many cases.  Hence to set-up a Pet Trust for these pets is a conscientious effort  for the pet owner.  Why worry,  who will care for your pet after unexpectedly leaving?
A Pet Trust plan  will ensure the care you want your pet to have.  Most importantly the assurance of keeping your pet  out of animal shelters that euthanize after a certain time period.
                          
There are different approaches.  Make a provision under your Last Will and Testament.
Under a Pet  Trust,   designate  to receive your pet and a separate person as the Trustee, and successors, to handle only the money.  You would want pet care conditions,  so the person does not take your pet and then euthanize it.  For safety purposes you may want to have a separate person who receives your pet,  from the person handling the money (the Trustee).
Usually monthly and annual expenses, plus emergency veterinary care would be suggested.   Often too much money in a trust, will cause the excess upon termination of the pet trust revert back to the maker's estate.  So, a good idea  to designate an alternate recipient of any excess funds. 
                    Simply A Pet Trust Involve 4 Parties
                                            Pet
                                          Trustee
                                         Caretaker
                                         Successor
PET:          Have a trusted friend or family member who know
                  your pet better than any outsider, whenever
                  money is involved.
Trustee:     An individual, corporate fiduciary or both.
Caretaker:  An individual, corporate fiduciary or both.
Successor: In case Trustee and Caretaker unwilling or
                   unable to serve.


Other areas of concern are, having a 
Remaining Beneficiary, someone designated to inherit any remaining trust property upon the death of the last surviving pet beneficiary.  Usually, the Remainder Beneficiary is a family member, friend or charity.

Finally, the Property.  The appropriate amount of property to fund your Pet Trust essential for its success.  Once you know the likely remaing life expectancy of your pet, and the historical cost of care, simple multiplication is all that is needed to determine the amount of trust property required.

Final Thoughts
 Your pet 
    has always been a loyal Friend.
   If no future plan has been made
   for care, then the care of your
    pet is left up to chance!


A Pet Trust
                                replaces this element of chance 
                            with the requirements of law...
                                                           providing you
                                                           peace of mind.

Maui's Caring Counselor at Law 
to personally provide you 
with the above services is
Roya J. Deyhim.
Contact:     808 891-8881
Email:  roya@est8planning.com


Roya Deyhim, has been a caring and approachable attorney on Maui for many years.  She too with her husband James, a Cartoonist,  have a family of three dogs and a cat they rescued and love.  Boingo, Huli and Mookie are the dogs names and a fluffy cat.  Her explicit attention will be personal and compassionate.  A simple introductory
of a Pet Trust for you 
will be confidentially cared for 
by Roya Deyim.

BEWARE OF FOOD FROM CHINA

                                                       China Pet Treats 

                     BEWARE !            Linked to 900 

           READ LABELS!            Dog Deaths, Illnesses                                                          

PHOTO: Sampson, a 9-year-old fox terrier, died of kidney failure in January. His owners blame his death on Chinese jerky treats.
Samson a 9-year old Fox Terrier died of kidney
failure in January.  His owners blame his death
on China Jerky Treats