Why is it important to include my pets in my estate planning?
You probably think of your pets as a part of your family. However, legally pets are considered personal property like your car or jewelry.
If your are ill, injured or otherwise unable to care for your pets and have not planned ahead, your pets will be at the mercy or whoever is chosen to manage your property and financial affairs and that may not be in the best interests of your pets. Upon your death, your pets will pass to your heirs unless you have specifically provided for them.
Therefore, unless you make specific provisions, your pets could end up like thousands do each year, in a shelter, with a caregiver who does not care, or homeless.
When you prepare for your future, prepare for theirs as well.