Bringing a new pet into your household is such an amazing life event. Whether big or small, your new friend brings so much joy and excitement, but can also require a lot of life changes. It can be easy to get tied up in all of the initial steps that should be taken to keep your new family member safe and healthy. Training, learning feeding schedules, and enjoying time with your new pet are important, however they have a lot of needs – both short term and long term – that need to be handled in order to properly ensure that they are fully protected. Adding your pet to your estate plan is a simple step that ensures that they will be cared for as you would, even if you can’t be there yourself.
When you love your pet, you want to know that your pet would be cared for if you ever were unable to do so yourself. However, if you don’t add your pet to your estate plan, there are many situations that could leave them without the care that they need, or worse, could result in them being left at a shelter.
Why Should I Include My Pet in My Estate Plan?
Many of us don’t often think about how having a new pet may impact our estate plan, but there are common scenarios where it’s important that your pet is provided for in your estate planning documents:
We know that protecting your new pet is a priority, which is why adding them to your estate plan is such an important step in their long term care. According to a 2019 study by Statista.com, over 67% of American households own a pet, and according to AmericanPetProducts.com, Americans spent over 100 billion dollars on their pets in 2020. With the growth of pet ownership in the last few years, more and more pet owners leave their pets without proper care by not taking the steps to update their estate plans. With Gentreo, these steps are easy and affordable so that you can spend less time worrying about the future and more time enjoying the present with your new best friend.
Steps to Update Your Estate Plan When You Get a New Pet
Getting a new pet is an amazing life event, and with it comes many life changes. At Gentreo, we know that protecting your family is a top priority, including the furry and feathered ones! We want to make sure that you have all the resources needed to ensure that you are prepared for anything. Gentreo makes it easy and affordable to create, update, and store your estate documentation. With the Gentreo Digital Family Vault, everyone knows where to turn in the event of an emergency and instant access is always just a few clicks away. Sign up today to give your pets the protection they deserve.