Compare the Pet Trusts: Pros & Cons

 

In the Will

From Scratch Written by a Private Attorney

Pet Protection Agreement ® Pet Trust Written by a Private Attorney


Pros
• Easy: one sentence does it

Cons
• Must wait for the reading of the Will
• Not enforceable during the pet owner’s life
• Valid only after the pet owner’s death
• Instructions are not binding
• Can’t guarantee to keep pets together
• Not signed by the pet guardian
• Doesn’t ensure funds are used for pets
• Not all wishes are enforceable
• Varies from state to state

Pros
• May be enforceable during the pet owner’s lifetime
• Care instructions are binding
• May keep pets together
• May be signed by a pet guardian
• Must include funds

Cons
• Must pay a private attorney
• Funds may not be secured
• Varies from state to state
• May not include unnamed or future pets

Pros
• Simple & affordable
• Legal in all 50 states
• Does not vary from state to state
• Valid during the pet owner’s lifetime
• Valid after the pet owner’s death
• Binding instructions are enforceable
• Includes all pets
• Keeps Pets Together - if you wish
• Standard of care is ongoing and includes new animals
• Identifies the owner and the pet guardian
• Signed by the pet guardian
• Funds are optional
• If funds are included, they must be used as directed
• May leave unlimited funds
• Beneficiaries named