That is a distinct possibility in my house. But seriously, making provisions for our beloved pets or service animals is an important issue and potentially an estate planning consideration. While this is most easily understood in terms of your typical family pet such as a dog or cat, it gets more significant if you own other animals such as horses. At the end of the day, a pet trust might be the best solution. Our Read More
Testamentary Trusts? Another Kind of Trust?
Last week we discussed pour-over Wills in the context of a revocable living trust. This week I want to talk about testamentary trusts. These types of trusts are what we might call springing or contingent trusts. They are created by your Last Will and Testament - hence the description testamentary trust. What do we mean by springing or contingent trust? Normally a trust is created by a stand-alone trust document. A Read More