Ep 74: How to Set Up a Trust for Your Pet with Jeff Stromberg
In today’s episode, the Vets are embarking on a topic they’ve never had before - estate planning for your pets. They’re joined by Jeff Stromberg, an estate planning attorney, who offers insight into estate planning and setting up a fund for your pet should anything happen to you. From how to get started to where the money actually goes, Jeff answers some important but not-so-commonly asked questions about making sure your pet is well cared for if anything unfortunate is to happen to you. Jeff shares who oversees the money you leave to your pets, how inflation affects the money placed into a trust, why you might want alternative trustees when it comes to your pet, and how to pick a reasonable amount of money to leave in your pet’s trust.