If you are one of the rare couples that have been together since your childhood school days, you deserve applause!
For the rest of us that have had our share of failed relationships, and we added a pet into the equation, it can be a difficult decision in deciding who gets custody of the pet when it comes time to part ways.
According to this article, some people will actually stay! Would you or could you do it? https://www.thesun.co.uk/fabulous/4532143/unhappy-couples-staying-relationships-pets/
As our society increasingly recognizes pets as a family member, I can sympathize with those that choose to stay. Having a partner does help with saving time and money in the form of daily pet care and costs. When you think about the time you spend feeding, walking or playing with your pets and cleaning up after them, time time it takes does add up.
Then there’s costs associated with food, treats, toys, grooming, health supplements, preventative and emergency care; that’s when it can hit your pocketbook.
Then there’s this couple that have chosen to have shared visitation and custody: http://time.com/money/3994618/divorce-pet-custody-dogs-cats/
It will be interesting to see as time goes on, if this becomes a legal issue. Or maybe it has? What are your thoughts?
September is Disaster Preparedness Month!
The Harvey and Irma Hurricanes are yet another good reminder to have an emergency plan in place. Even though we are in California and don’t get hurricanes, we still have to contend with earthquakes and fires that can suddenly impact our lives without notice. For the most part the National Weather Service is able to predict when a hurricane will hit land, but predicting earthquakes and fires is nearly impossible.
It has been hard to watch the news, and read the online news reports of the number of stray animals that have been found after the Harvey and Irma Hurricanes. It is hard to say whether or not an emergency plan would have prevented some of the lost animals from going missing, but it should be a good enough reason for pet owners to have one in place. That is a part of being a pet parent because our pets are not able to fend for themselves long term.
If you do not have a plan in place, the ASPCA has a great article to help get you started: https://www.aspca.org/news/disaster-preparedness-month-take-three-actions-protect-your-pets
Estate planning isn’t just for when you pass away, but also if you become incapacitated. The San Jose Mercury News gives some alternatives for those who do not have friends or family who can care for their pets. http://www.mercurynews.com/2016/08/30/planning-for-pets-care-after-youre-gone/
I’m so happy to hear about this! As a shelter volunteer, I have heard about a number of pets being surrendered to animal shelters after a pet parent unexpectedly passes. Family and friends have no idea what to do with your pet, or they may not have the ability to help take care of them. If your pet ends up in the shelter, then your pet is dealing with the loss of their best friend, home and people they are familiar with.
The Sacramento SPCA is offering a complimentary 90-minute Estate Planning Seminar with acclaimed special guest speaker Mark Drobny, Attorney at Law, Master of Laws (L.L.M.), Certified Specialist, Estate Planning, Trust and Probate Law, and member of The State Bar of California Board of Legal Specialization.
Topics for discussion will include:
- Introduction to wills and trusts
- Pet trusts
- Planning for your pets to be taken care of after you are gone
- How your advanced planning can enable the Sacramento SPCA to help other animals
- Retirement and tax planning strategies
- How to liquidate securities and real estate and pay no capital gains tax
- How to take IRA distributions and pay little or no income tax on them
You should definitely take advantage of this opportunity if you have no plans in place for your pets after your passing.
For more information or to register for the event click here.