Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Perpetual Pet Care...to include in trust..anyone?
Old 01-18-2012, 10:27 AM   #1
Recycles dryer sheets
 
Join Date: Mar 2008
Posts: 129
Perpetual Pet Care...to include in trust..anyone?

We're updating our trusts and want to include care for our animals in case we 'kick the bucket' before they do...eg. something happens on a 'cruise' for instance! Anyway, we've been starting to look at different places...like "Best Friends" in Utah and there are a couple of others who are definitely not as financially well off as that organization, but doing ok because they all require a fair amount of $$ to participate. Wondered if anyone out there has made arrangements like this and could offer any info or advice. Unfortunately we do not have anyone who could take care of our animals, even for $$, should we go first. The vetrinarian we use has done it in the past for some elderly owners of their animals...but now he himself has found himself in a situation where he has a ranch with animals, including cats and dogs and neither of his children are able to take over when he's not able to...illness and distance are the reasons. Anyway, its a dilemma for alot of us...and any help would be appreciated. Thanks!
itsmyparty is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-18-2012, 11:35 AM   #2
Thinks s/he gets paid by the post
 
Join Date: Oct 2008
Location: Naples
Posts: 2,179
Can't really answer your question right now but you your post is food for thought. We are in the process of extablishing a family trust and I guess we should include DW's African gray parrot. It's her "baby" and will certainly outlive us. He's 10 now and they normally live 70-75 years. The way this one is cared for, it'll probably make a 100.

Dogs we don't worry about as they will be taken care of by DD. She has 8 now so two more won't phase her.
JOHNNIE36 is offline   Reply With Quote
Old 01-18-2012, 11:50 AM   #3
Moderator Emeritus
bssc's Avatar
 
Join Date: Dec 2005
Posts: 10,125
DW and I have a trust and a percentage of that is set aside to maintain our pets. The trustees have agreed to make sure that they are taken care of.
__________________
Angels danced on the day that you were born.
bssc is offline   Reply With Quote
Old 01-19-2012, 09:25 AM   #4
Recycles dryer sheets
 
Join Date: Mar 2008
Posts: 129
Thanks for your replies...hope there are more out there doing something on this topic too and will share. The places we are looking at require confirmation of donation in a trust or will to ensure a place. The $ amount is quite high, but in actuality it is a donation that helps the place to carry on and we'll be leaving most of what we have to charities anyway. If we had close family or friends we think that would be our first choice, but we have been told by a number of people that often people's intent to carry out your wishes regarding pets are genuine, when the time comes they take the pets to the humane society or animal control perhaps because of circumstances. Since the sanctuaries require at least a 10 hr car trip from our residence..we've got to find out how that should be done and specify. Two of ours take daily meds...one is fairly expensive (has asthma). But with any luck we will outlive them all!!
BTW, I'm sure Best Friends takes parrots....give them a look. Thanks again!
itsmyparty is offline   Reply With Quote
Old 01-19-2012, 09:52 AM   #5
Dryer sheet wannabe
capngeo's Avatar
 
Join Date: Jan 2012
Posts: 14
I have a Macaw... If he lives to his full expectancy, I need to make 105! I'm sure all of us know someone who is an animal person. I am lucky enough to know one... a 22 year old one.... Who would (and I know this to be true by direct observation) go hungry herself to care for her critters. I bought a small life insurance policy ($5k through AAA) naming her as beneficiary. She is also listed in my will as recipient of "any and all" of my animals at the time of my death.

True, there is no guarantee she will not "drop them off" and pocket the $5k, but sometimes you just have to trust a person based on your observations.
capngeo is offline   Reply With Quote
Old 01-19-2012, 09:58 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: NC
Posts: 21,148
Our dog is well taken care of by friends in our will. I can see how an exotic bird would be a different issue though with their typical lifespan. Kudos for making plans...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Paying for the "payroll tax" cut veremchuka FIRE Related Public Policy 124 03-20-2012 02:33 PM
Why setup a trust? RetireBy90 FIRE and Money 4 01-10-2012 10:34 AM
US Pulls plug on Long Term Care portion of health care reformct ("CLASS Act") samclem Other topics 14 10-15-2011 10:27 AM
Debt/Deficit/Taxes and Health Care Reform chinaco FIRE Related Public Policy 13 08-31-2011 04:21 AM
Setting up a Living Trust - Advice, anyone? Seeking Hobbes FIRE and Money 31 07-12-2011 03:11 PM

» Quick Links

 
All times are GMT -6. The time now is 11:51 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.