A Pet Trust Can Facilitate Senior Pet Ownership

A Pet Trust Can Facilitate Senior Pet Ownership - Asset Protection & Business Planning Lawyer - Dallas, Texas There are many challenges that you can face as a senior citizen. Unfortunately, loneliness is one of them.

When you retire, you no longer have daily interactions with coworkers, and this is part of the equation. Plus, your children and grandchildren are going to have lives of their own, and they may even live out of your area. You may lose friends and relatives along the way as well, and this can all add up to create a void.

While it is impossible to replace people that you love, many individuals gain a great deal of satisfaction from pet ownership. If you were to adopt a fine furry friend late in your life, you would enjoy a number of different benefits.

Experts say that pet ownership can actually improve your physical and mental health. You get more exercise when you have to exercise a pet, and you have a conversation piece in tow when you go to the park to get some fresh air. This can lead to friendly interactions with others, which can lift your mood.

Having a dependent of sorts relying on you for everything can give you a renewed sense of purpose, and without question, the love of a pet is something that is quite palpable when you invest yourself.

Many elders know that they could benefit from pet ownership, but they are concerned about their longevity. If you plan ahead effectively, this doesn’t have to present an impediment to pet ownership.

It is possible to create a pet trust for the benefit of a pet if you live in the state of Texas. The way that it works is you fund the trust with adequate resources to care for the pet for the rest of its life. You do not have to worry about anything that may be left over in the trust, because you can name a secondary beneficiary to assume ownership of the remainder after the death of the pet.

In the trust declaration, you name a trustee. The trustee would use assets in the trust to make sure that the pet is provided for in accordance with your wishes after you are gone, and you can be very specific with regard to the way that you want the pet be treated.

A pet trust can provide a solution if you are a senior citizen who would like to bring a four-legged friend into your household.

Learn More About Pet Trusts

If you would like to obtain some details about pet planning and pet trusts, we have a valuable resource that you can access quickly and easily through this website. Our firm has prepared a free special report on the subject, and you can click the following link to obtain access to your copy: Free Report on Pet Trusts.

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