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Did you know?: You can provide for your furry, feathered or scaly family members in your estate plan, BUT…
…it requires some very specific methods under the law. No, Kitty can’t inherit cash, since pets are considered property. But there has to be a specific plan in place.
Good news is that all 50 states allow you to make certain provisions for your pets. People can take advantage of a type of legacy planning called a pet trust. I talk about how in my latest episode here.
Considering the fact that more than 65 percent of Americans have at least one pet in the household, it makes sense to make plans for a pet’s care should you pass away.
So yes, you can provide for your 32 cockatiels. One woman did. Listen to Episode 18 to learn more about this and other pet trust stories.
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