Types of Pet Trusts You Can Use to Protect Your Pets

Using a pet trust can be a good way to make sure that your pets are taken care of when you die. Here are a few of the different types of pet trusts that you can use to protect your pets.

Traditional Pet Trust

The most commonly used type of pet trust is the traditional pet trust. With this type of pet trust, you are going to set aside a certain amount of money in an account for your pet. You are going to leave this money with a trustee. You will then make provisions to allow the trustee to make payments to a beneficiary. The beneficiary is the individual that you are going to choose  to take care of your pet. In this way, you will be able to designate exactly how your pet is going to be taken care of.

Statutory Pet Trust

Another type of pet trust that you could consider is known as the statutory pet trust. This type of pet trust is available in 40 states. With this type of pet trust, you can be a little more vague, and your pet could still be taken care of. You do not have to make all of the individual decisions that you do with a traditional pet trust. 

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