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SOUTH CAROLINA PET
PLANNING
– HOW YOU CAN PROTECT YOUR
PET IN YOUR ESTATE PLAN
“The good news is that it is not too late to include your
family pet in your estate plan and it can be done relatively
easily with help from your estate planning attorney.”
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If you are an animal lover you likely include at least one pet as part of your
family. You likely go out of your way to ensure that your family pet eats well, is
seen by the veterinarian on a regular basis, and generally feels like part of the
family. One thing you may have overlooked,however, is including your family pet
in your estate plan. Don’t feelbad, you are not alone. Most people don’t think to
include Fido or Fluffy in their estate plan – but they should.
Absenta plan for your beloved family pet, he or she could end up on the streets
– or worse -- should something happen to you. The good news is that it is not too
late to include your family pet in your estate plan and it can be done relatively
easily with help from your estate planning attorney.
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PET OWNERSHIP IN THE UNITED STATES
The United States is somewhat unique in the relationship we have with animals.
In spite of, or because of, the fact the much of America was once farmland or
ranchland where animals were
raised to be slaughtered, we
have developed a love affair for
domestic animals in the U.S.
that is unique to the U.S.
According to the American
Humane Society,pet
ownership in the U.S. has
almost tripled in the past four
decades.
Today, we own about 180
million dogs and cats in
America. Almosthalf of all
American households have at
least one dog or cat. Dogs and
cats, however, are not the only
pets you are likely to find in the
average American household.
Americans also own 16 million birds and 11 million reptiles along with another 18
million small pets, such as hamsters, rabbits, and guinea pigs. Furthermore,
American homes also have 140 million freshwater fish and 10 million salt water
fish. Clearly, Americans love their pets.
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WHAT HAPPENS TO YOUR PET IF SOMETHING HAPPENS TO YOU?
If you treat your pet, regardless of what kind of animal you own, as part of
the family, you undoubtedly want to protectyour pet from harm. What you
may not have considered,however, is that your failure to plan ahead could
subjectyour beloved pet to the worst possible situation for an animal –
abandonment.
Every year in the United States, over 500,000 dogs and cats end up in a
shelter or on the street
because of the death or
incapacity of their humane
owner. How can this
happen? The sad truth is
that pets are often
overlooked when tragedy
strikes. Family members
may not even think about
your pet until days after your
death, for example. Even if
they do remember,your pet could still wind up in a shelter if no one is
willing or able to take your pet on a permanent basis.
Finally, the legal status of your pet could be a hurdle. Although you may not
think of your pet as your property,the law does.As such, your pet is
actually part of your estate when you die, meaning that no one can take
legal ownership of him/her until probate is complete –unless you have
planned ahead.
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SOLUTIONS FOR YOU AND YOUR PET
So now that the problem is clear, what are the possible solutions? Fortunately
there are several ways that you can plan foryour pet’s continued care should
something happen to you, including:
VerbalAgreements– sitting down and discussing your pet’s future, and
your wishes in the event something happens to you, with a loved one is
certainly better than doing nothing; however, there are several reasons why
this option fall short of fully protecting your pet.
o Not legally binding – just telling someone your wishes does not
create a legally binding contract or agreement.The individual is under
no obligation to honor your wishes when the time comes.Moreover,
your intended caregiver does not even have any legal claim to your
pet that would allow him/her to take the animal when the time comes.
o No contingencyplan – if someone happens to your designated
caregiver there is no contingency plan or “back-up” caregiver.
o No funding source – there is no way for you to provide funds for the
continued care of
your pet.
Written Instructions --
you could include your
wishes for your pet in a
“Letterof Instructions”
which is simply a letter
you create yourself and
leave along with your
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other estate planning documents.Many of the same problems exits though
as with a verbal agreement – a Letter of Instruction is not legally binding
nor does it provide a legal transfer of ownership and it does not provide a
funding source; however, you could include a contingency plan.
Gifting in your LastWill and Testament – gifting your pet using your Last
Will and Testament
does resolve the legal
transfer of ownership
problem by “gifting”
your pet to the intended
caregiver. It can also
solve, to some extent,
the funding issue by
gifting funds directly to
the caregiver. Problems
remain, however, with this option, including:
o No controlover funds –assets gifted ina Will, once gifted,can be
used anyway the beneficiary wishes. In other words, you have no
guarantee that the money you gift to the pet’s caregiver will actually
be spent on your pet.
o Doesn’twork for incapacity – term in a Will are only relevant in the
event of your death. If you become incapacitated,however, your pet’s
future remains uncertain.
Pet Trust –a pet trust can solve all of the problems that the other options
cannot. Pet trusts are not only for the rich and famous. In fact, they are
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increasingly commonin the average estate plan. A pet trust allows you to
accomplishall of your pet planning goals, including:
o Designating a caregiver – you can decide who will care for your pet
and that decisionwill be legally binding.
o Creating a contingency plan – you can appoint a successor
caregiver as well as provide a process forchoosing a new one should
the need arise.
o Providingfunding – assets owned by the trust can be used to care
for your pet until his/her death.
o Maintaining controlover funding – the Trustee of the trust will
control the trust assets so you can rest assured the money will be
spent according to your wishes.
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o Maintaining controlover your pet’s care – likewise, you can create
terms that decide things such as what vet your pet will treat with and
just about anything else that matters to you regarding your pet’s care.
Your Trustee will enforce those terms.
o Avoid probate – trust assets are not part of the probate process.
Therefore,care of your pet can shift easily to your designated
caregiver when the time comes.
If you wish to discuss incorporating a pet rust into your estate plan, consult with
your South Carolina estate planning attorney as soonas possible to ensure that
your pet is well cared for in the event that you are unable to provide that care
yourself some day.
Humane Societyof the United States, Pets by the Numbers
ASPCA,Pet Care
American Bar Association,Estate Planning Issues Involving Pets
AVMA, Pet Trusts: Caring for a Pet That Outlives Its Owner
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About Kuhn & Kuhn Law Firm
Our firm is dedicated to providing you with quality estate planning and family law resources, so
you can become familiar with all of the existing options. When you visit or call our office, we want
you to feel comfortable discussing such an important issue concerning both you and your family.
We want to arm you with the information you need to make an informed decision about your
family’s future.
If you have a well-drafted estate plan in place, you’ll ensure that your estate passes to whom you
want, when you want, and is carried out in the manner you’ve chosen. You can rest assured that
your family will not have to endure the public process and costly matter of probate. The
government will not be able to take what you’ve spent a lifetime building. But you need to be
aware of the many options that exist in estate planning—and you must choose your attorney
wisely.
If you or someone you love is contemplating a separation or divorce, you can count on our help in
reaching a cost-effective and fair resolution. Our team of legal professionals is experienced in all
aspects of South Carolina divorce law. Whether your divorce is contested or uncontested, involves
a prenuptial agreement, needs child custody or child support terms to be negotiated, or involves
more complex issues, a family law attorney at our firm can inform you of your legal options,
provide helpful guidance, and protect your rights.
Charleston Office
39 Broad Street, Suite 301
Charleston, SC 29401
Phone: (843) 577-3700
Bluffton / Hilton Head Office
10 Pinckney Colony Road, Suite
310
Bluffton, SC 29909
Phone: (843) 815-8580
Website: www.kuhnandkuhn.com
Summerville Office
421 Old Trolley Road
Summerville, SC 29485
Phone: (843) 577-3700

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South Carolina Pet Planning: How You Can Protect Your Pet Plan in Your Estate Plan

  • 1. SOUTH CAROLINA PET PLANNING – HOW YOU CAN PROTECT YOUR PET IN YOUR ESTATE PLAN “The good news is that it is not too late to include your family pet in your estate plan and it can be done relatively easily with help from your estate planning attorney.”
  • 2. [Type text] 2 If you are an animal lover you likely include at least one pet as part of your family. You likely go out of your way to ensure that your family pet eats well, is seen by the veterinarian on a regular basis, and generally feels like part of the family. One thing you may have overlooked,however, is including your family pet in your estate plan. Don’t feelbad, you are not alone. Most people don’t think to include Fido or Fluffy in their estate plan – but they should. Absenta plan for your beloved family pet, he or she could end up on the streets – or worse -- should something happen to you. The good news is that it is not too late to include your family pet in your estate plan and it can be done relatively easily with help from your estate planning attorney.
  • 3. [Type text] 3 PET OWNERSHIP IN THE UNITED STATES The United States is somewhat unique in the relationship we have with animals. In spite of, or because of, the fact the much of America was once farmland or ranchland where animals were raised to be slaughtered, we have developed a love affair for domestic animals in the U.S. that is unique to the U.S. According to the American Humane Society,pet ownership in the U.S. has almost tripled in the past four decades. Today, we own about 180 million dogs and cats in America. Almosthalf of all American households have at least one dog or cat. Dogs and cats, however, are not the only pets you are likely to find in the average American household. Americans also own 16 million birds and 11 million reptiles along with another 18 million small pets, such as hamsters, rabbits, and guinea pigs. Furthermore, American homes also have 140 million freshwater fish and 10 million salt water fish. Clearly, Americans love their pets.
  • 4. [Type text] 4 WHAT HAPPENS TO YOUR PET IF SOMETHING HAPPENS TO YOU? If you treat your pet, regardless of what kind of animal you own, as part of the family, you undoubtedly want to protectyour pet from harm. What you may not have considered,however, is that your failure to plan ahead could subjectyour beloved pet to the worst possible situation for an animal – abandonment. Every year in the United States, over 500,000 dogs and cats end up in a shelter or on the street because of the death or incapacity of their humane owner. How can this happen? The sad truth is that pets are often overlooked when tragedy strikes. Family members may not even think about your pet until days after your death, for example. Even if they do remember,your pet could still wind up in a shelter if no one is willing or able to take your pet on a permanent basis. Finally, the legal status of your pet could be a hurdle. Although you may not think of your pet as your property,the law does.As such, your pet is actually part of your estate when you die, meaning that no one can take legal ownership of him/her until probate is complete –unless you have planned ahead.
  • 5. [Type text] 5 SOLUTIONS FOR YOU AND YOUR PET So now that the problem is clear, what are the possible solutions? Fortunately there are several ways that you can plan foryour pet’s continued care should something happen to you, including: VerbalAgreements– sitting down and discussing your pet’s future, and your wishes in the event something happens to you, with a loved one is certainly better than doing nothing; however, there are several reasons why this option fall short of fully protecting your pet. o Not legally binding – just telling someone your wishes does not create a legally binding contract or agreement.The individual is under no obligation to honor your wishes when the time comes.Moreover, your intended caregiver does not even have any legal claim to your pet that would allow him/her to take the animal when the time comes. o No contingencyplan – if someone happens to your designated caregiver there is no contingency plan or “back-up” caregiver. o No funding source – there is no way for you to provide funds for the continued care of your pet. Written Instructions -- you could include your wishes for your pet in a “Letterof Instructions” which is simply a letter you create yourself and leave along with your
  • 6. [Type text] 6 other estate planning documents.Many of the same problems exits though as with a verbal agreement – a Letter of Instruction is not legally binding nor does it provide a legal transfer of ownership and it does not provide a funding source; however, you could include a contingency plan. Gifting in your LastWill and Testament – gifting your pet using your Last Will and Testament does resolve the legal transfer of ownership problem by “gifting” your pet to the intended caregiver. It can also solve, to some extent, the funding issue by gifting funds directly to the caregiver. Problems remain, however, with this option, including: o No controlover funds –assets gifted ina Will, once gifted,can be used anyway the beneficiary wishes. In other words, you have no guarantee that the money you gift to the pet’s caregiver will actually be spent on your pet. o Doesn’twork for incapacity – term in a Will are only relevant in the event of your death. If you become incapacitated,however, your pet’s future remains uncertain. Pet Trust –a pet trust can solve all of the problems that the other options cannot. Pet trusts are not only for the rich and famous. In fact, they are
  • 7. [Type text] 7 increasingly commonin the average estate plan. A pet trust allows you to accomplishall of your pet planning goals, including: o Designating a caregiver – you can decide who will care for your pet and that decisionwill be legally binding. o Creating a contingency plan – you can appoint a successor caregiver as well as provide a process forchoosing a new one should the need arise. o Providingfunding – assets owned by the trust can be used to care for your pet until his/her death. o Maintaining controlover funding – the Trustee of the trust will control the trust assets so you can rest assured the money will be spent according to your wishes.
  • 8. [Type text] 8 o Maintaining controlover your pet’s care – likewise, you can create terms that decide things such as what vet your pet will treat with and just about anything else that matters to you regarding your pet’s care. Your Trustee will enforce those terms. o Avoid probate – trust assets are not part of the probate process. Therefore,care of your pet can shift easily to your designated caregiver when the time comes. If you wish to discuss incorporating a pet rust into your estate plan, consult with your South Carolina estate planning attorney as soonas possible to ensure that your pet is well cared for in the event that you are unable to provide that care yourself some day. Humane Societyof the United States, Pets by the Numbers ASPCA,Pet Care American Bar Association,Estate Planning Issues Involving Pets AVMA, Pet Trusts: Caring for a Pet That Outlives Its Owner
  • 9. [Type text] 9 About Kuhn & Kuhn Law Firm Our firm is dedicated to providing you with quality estate planning and family law resources, so you can become familiar with all of the existing options. When you visit or call our office, we want you to feel comfortable discussing such an important issue concerning both you and your family. We want to arm you with the information you need to make an informed decision about your family’s future. If you have a well-drafted estate plan in place, you’ll ensure that your estate passes to whom you want, when you want, and is carried out in the manner you’ve chosen. You can rest assured that your family will not have to endure the public process and costly matter of probate. The government will not be able to take what you’ve spent a lifetime building. But you need to be aware of the many options that exist in estate planning—and you must choose your attorney wisely. If you or someone you love is contemplating a separation or divorce, you can count on our help in reaching a cost-effective and fair resolution. Our team of legal professionals is experienced in all aspects of South Carolina divorce law. Whether your divorce is contested or uncontested, involves a prenuptial agreement, needs child custody or child support terms to be negotiated, or involves more complex issues, a family law attorney at our firm can inform you of your legal options, provide helpful guidance, and protect your rights. Charleston Office 39 Broad Street, Suite 301 Charleston, SC 29401 Phone: (843) 577-3700 Bluffton / Hilton Head Office 10 Pinckney Colony Road, Suite 310 Bluffton, SC 29909 Phone: (843) 815-8580 Website: www.kuhnandkuhn.com Summerville Office 421 Old Trolley Road Summerville, SC 29485 Phone: (843) 577-3700