John O. McManus recently spoke with reporter for TheStreet.com Joe Mont about common financial and legal moves to ensure beloved pets are taken care of once an owner passes away.
From the article:
It isn’t just the rich and famous who make financial and legal moves to make sure Rover, Fluffy and Snowball are cared for after they pass on.
John O. McManus, founding principal of McManus & Associates, a trusts and estates law firm in New York and New Jersey, says he often sees large sums reserved for grooming, health care and food choices “to ensure that the structure of high-quality care is in place for the pet.”
The first step for someone making such plans, even before money issues are discussed, is to establish a point person for carrying out post-death pet care requests.
“They need to choose someone who is going to serve in that position, someone they know is a pet lover and will treat their pet as though it were their own,” he says of his clients. “It is not dramatically dissimilar to when someone goes away on vacation for a week. With whom did they leave the pet?”
For more of John’s advice on planning for your pet’s well-being, check out the full story here.
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