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Pet trusts in Coral Springs – the smart move in protecting your loved ones.
Setting up pet trusts in Coral Springs is one of the most important decisions you, as a pet owner in Coral Springs, can make for the well being of your pets.
In the event of your death have you made plans for the most vulnerable members of your family? You are all the family that your pet has to rely on. That is why together with the help of Reinfeld & Cabrera, P.A. you can ensure, by setting up a Pet Trust, that your beloved pets will want for nothing should they be orphaned.
Pet Trusts in Coral Springs is governed by the Florida Pet Trust Statute 737.116 Trust for care of animal. Although it is a relatively concise provision we at Reinfeld & Cabrera, P.A. have decided to decode the legalese of the statute governing Pet Trusts in Coral Springs and give you the most important factors to consider when writing up a pet trust.
Factor 1: Choosing your caregiver.
The number one essential decision when setting up pet trusts in Coral Springs is choosing the right caregiver. This is the person who will be stepping into your shoes as surrogate parent to your fur kids. Bearing in mind that the responsibility of a pet is enormous, make sure to choose someone who you know will have your pet’s best interests at heart. It is also extremely important to name an alternate caregiver should your first choice caregiver be unable to accept the responsibility.
Factor 2: Appointing a trustee.
A trustee is the person (or corporation) who you will rely on, to properly administer your pet’s trust. The trustee will have the responsibility of making sure that your chosen caregiver is really giving your pet the protection and attention it deserves.
Factor 3: How much will your pet need?
The next crucial consideration in setting up pet trusts in Coral Springs is deciding how much you will need to set aside for the continual wellbeing of your pet. This will vary depending on your individual standards however here are a few things to think about:
- The type of pet (dog, cat, iguana, bird etc)
- How long your pet could live
- The lifestyle you want your pet to have (this includes things like travel expenses, food, Insurance, toys & treats, recreational activities and pet-sitting)
- Potential medical costs for your pet
There are many more things to think about but deciding on the above three factors is the first step in the right direction to creating pet trusts in Coral Springs. Understandably all this information can be overwhelming and that is why we at Reinfeld & Cabrera, P.A. are here for you to rely on when setting up your pet’s trust in Coral Springs.