Greenbaum, Rowe, Smith & Davis LLP Client Alert
6.17

Many people utilize the services of an estate planner when providing for the orderly distribution of their assets to their loved ones. For people who love their pets, the estate planning process can also include the creation of a trust fund created specifically to address the care of a beloved pet.  All 50 states allow for trust funds to be created for pets – New Jersey has done so since 2001. 

Issues to be considered when creating a Pet Trust include:

Here are some important facts related to Pet Trusts:

There are significant tax aspects to consider when creating a Pet Trust – income taxes and estate taxes:

For additional details on establishing a Pet Trust, or to schedule an in-person consultation, please contact the co-authors of this Alert, Jo Ann Gambale and Brian R. Selvin.

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