Between 2010 and 2012, the number of pet-owning households increased from 62% to 68%. Not surprisingly, The Wall Street Journal reports that “More Americans Are Writing Their Pets Into Their Wills.”
You can take care of human family members by giving them an inheritance. On the other hand, you cannot give property to your pet because your pet is property. Nevertheless, in a growing number of States (including Hawaii), you can provide financially for your pet with a pet trust.
After all, the needs of a pet can be simple, but someone needs to provide care. A pet trust is a legal vehicle that can be designed to be there for your pet when you are not, providing a caretaker and financial resources according to your instructions.