Money Monday; Estate Planning For Pets [AUDIO]

This week on our Money Monday segment I talked with James Schmitz from Laraway Financial. The topic is "Estate Planning For Pets".  This is more common than most people think.  The topic consisted of options that included a pet trust, will and pet protection agreement.  Listen to the conversation below.

ESTATE PLANNING FOR PETS

1. 3-LEGAL DOCUMENTS
   1. WILLS
   2. PET TRUST
   3. PET PROTECTION AGREEMENT

1. ELEMENTS OF ESTATE PLANNING
   1. PET OWNER
   2. PET GUARDIAN
   3. SOURCE OF FUNDS
   4. REMAINDER BENEFICIARIES
   5. PET’S DETAILED DESCRIPTION
   6. INSTRUCTION OF CARE
   7. KEEPING PETS TOGETHER
   8. INCLUDE PRESENT/FUTURE PETS