Many people own pets or other animals. People often form strong relationships with their animals, sometimes even treating them like members of the family. But what happens to pets after their owners are gone?
Oftentimes, people want to ensure that their pets or other animals will be cared for if they survive their owners. This can be accomplished by establishing a pet trust. Utah Code Section 75-2-1001 provides that a Will may create a trust for the benefit of animals. The trust ends when no living animal is covered by the trust. The caregiver named in the trust is the beneficiary of the trust and receives funds that can be used to care for the animal.
If you would like to know more about pet trusts, or other estate planning options, please don’t hesitate to call for a free consultation. I am an estate planning attorney in Spanish Fork, Utah. While my office is in Spanish Fork, I provide estate planning services in Utah County and beyond.