When I mention that I do a lot of estate planning for pets, my statement is often met with either a confused look or a humorous question about how I get Rover to sign his Will. For many of us (including me) our pets are like our children. But unfortunately, the law only treats our pets as personal property. As a result, when we pass away, our pets have no more rights or protections than the living room furniture that they sleep on while we are at work. It is important that you make sure your pets go to the right guardians when you pass away, especially if you have a pet that has difficulty bonding with new people.
Fortunately, Colorado allows the use of “Pet Trusts.” A properly drafted Pet Trust can assure that money is available for the continued safety, health and well being of your pets when you pass away.