Updated Friday, August 22, 2014 as of 5:40 PM ET

Estate Planning for Pets: 6 Rules

There may be remaining funds in the trust when the last covered pet dies. At that point the pet trust will terminate and a remainder beneficiary will receive the leftover funds. But be careful about naming an individual as a remainder beneficiary -- especially one who is not an animal lover.

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here