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For many people, pets are not just animals but members of their family, and we want the best for our furry companions, even when we are no longer around. That is where estate planning for pets comes in. In Michigan, just like in many other states, you can make provisions for your pets in your estate plan. In this blog post, we will explore estate planning for pets in Michigan and what you need to know to ensure your pets are well taken care of after you are gone.

Designating a Caretaker for Your Pet

One of the most important steps in estate planning for pets is to designate a caretaker for your pet. Pets are considered property under Michigan law. This means that you cannot leave assets directly to your pet, but you can leave them to your pet’s caretaker with the understanding that they will be used for your pet’s care. This person should be someone you trust to provide adequate care for your pet and someone who is willing and able to take on the responsibility. Make sure you discuss this with the person first and that they are willing to take on the role.

You can include the designation of your pet’s caretaker in your will, trust, or a separate pet trust. A pet trust is a legal document that allows a pet owner to designate a caretaker for their pet and to provide funds for the pet’s care. The trust is managed by a trustee who is responsible for ensuring that the funds are used for the pet’s care as specified in the trust document. The trust can provide for the pet’s food, shelter, medical care, and any other needs.

Creating a Pet Trust in Michigan

In Michigan, a pet trust is created by following certain legal requirements. Here are the steps to follow:

1. Choose a trustee and caretaker for your pet. The trustee is responsible for managing the funds in the trust and ensuring that they are used for the pet’s care. The caretaker is responsible for the pet’s day-to-day care, such as feeding, grooming, and exercising.
2. Determine the amount of funds needed for your pet’s care. This will depend on the type of pet you have, its age, and any medical conditions it may have. You can consult with your veterinarian to get an estimate of the costs.
3. Include the names of the trustee, the caretaker, and the pet(s). As well as specific instructions on how you want your pets to be cared for, including dietary requirements, exercise needs, and any special medical needs. It should also specify what should happen to any remaining funds after the pet’s death. This can include donations to humane societies or other animal-based charities.
4. Fund the trust. This can be done by transferring assets to the trust, such as money or property.
5. Review and update the trust as needed. It is important to review the trust periodically to ensure that it still reflects your wishes and to make any necessary updates.

It is important to work with an experienced estate planning attorney to create a pet trust. They can help you ensure that the trust is legally valid and that it includes all the necessary provisions for your pet’s care.

Estate planning for pets is an essential aspect of estate planning for pet owners in Michigan. By designating a caretaker for your pet, including provisions for your pet in your will or trust, or creating a pet trust, you can have peace of mind knowing that your pet will be well cared for even when you are no longer around. To help you get started, contact us at (248) 409-0256.