For most pet lovers, your pets are family members, best friends and companions. There is a special appreciate for the role pets play in the lives of LGBT individuals and seniors. Still, it’s not something that many pet lovers think about: what would happen to your pet if you unexpectedly died? Just as you would arrangements in your will for the humans you love, you should also make provisions for your pets. Failure to do so could mean that, sadly, many pets end up in bad situations.
One way to avoid an unwanted situation is by planning for your pet’s future — that’s the idea behind The Pet Legacy Program. It’s a new initiative developed by the Our Fund Foundation and The Pet Project for Pets to provide refuge and comfort for pets in the event of their owner’s incapacity or passing.
Pet Legacy encompasses the following:
- Estate Pet Planning – Leave instructions in your will or estate plan about whose charge you are leaving your pet(s). The estate plan can include monies to be in place and held with Our Fund Foundation to be distributed in a one-time gift or a trust to support ongoing caretaking of a pet. The transfer of the family pet and oversight of caregiving will be monitored by The Pet Project. The Pet Project will also take charge of your pet in the event that your designee is unable to care for your pet so that the pet can be placed in a loving and suitable home.
- Pet Trust Account – Leave a gift or trust so that The Pet Project can utilize the funds to safely transfer your pet to a new home in the event of your incapacity or death and help cover costs for food and veterinary care for the remainder of your pet’s life.
- Pet Legacy Fund – Donations can be made to establish an agency-advised fund that will assist with costs associated with transfer of pets to new homes for The Pet Project’s 1,000 plus clients in South Florida in the event of the owner’s incapacity or death. With this fund, you can help ensure the health and vitality of those animal friends whose owners lack the resources to provide for their pet in the event of their incapacity or death.
- Legacy Gifts – Name The Pet Project as a beneficiary of your will, trust, life insurance or retirement accounts in any amount. A legacy gift ensures the future of The Pet Project and all the clients and pets it serves in South Florida.
The Pet Legacy Fund Kick-off will be held on Wednesday, October 4th from 6pm to 8pm at 2032 NE 6th Terrace in Wilton Manors. You do not need to be a pet owner to attend. This is a non-solicitation event.