Pet Protection Agreement® FAQs
Like a Pet Protection Agreement®, a stand-alone Pet Trust is a legal document used to ensure that your pets are cared for in case you pass away or become unable to take care of your pets. However, stand-alone pet trust has more formalities and should be created by an attorney who specializes in estate planning and has special experience in pet issues.
If a pet owner plans to leave a substantial amount of money for the care of pets or believes that family members may put up a fight, then a formal stand-alone pet trust can be a good option.
Statutory pet trusts can be created through a Last Will, but they often include only basic, limited provisions.
||Statutory Pet Trust (Created by Last Will)
||Pet Trust (Formal Stand-Alone)
||PET PROTECTION AGREEMENT
|Legal in all states ||No ||Yes ||Yes |
|Affordable, can be created without an attorney ||Not usually ||No ||Yes |
|Enforceable during Pet Owner's lifetime ||No ||Yes ||Yes |
|Binding care instructions ||No ||Yes ||Yes |
|Service, Medical providers & Community of care ||No ||Yes ||Yes |
|Keeps pets together ||Not always ||Yes ||Yes |
|Signed by Pet Guardian so as to confirm agreement ||No ||Yes ||Yes |
|Can be created without trust funds ||Yes ||No ||Yes |
|Any funds must be used for pets ||Not always ||Yes ||Yes |