How should I fund my PetGuardian Pet Trust Plan?
PetGuardian provides a cost analysis to estimate the appropriate level of funding. The cost analysis is an estimate derived from the cost of the current care you outline on your PetGuardian application. These costs include food, veterinary expenses, medications, emergency care, burial or cremation fees. This calculation takes into consideration the life expectancy of your pets based on their current age, anticipated care as your pets age in addition to the annual rate of inflation. It is important to fund the plan at an appropriate level, because overfunded pet trusts have been subject to challenge in court. Estate planners recommend that pet owners fund a Pet Trust Plan at an appropriate level to avoid this. You are encouraged to discuss the various options for funding your Pet Trust Plan with your attorney and financial planner. Establishing a separate fund as part of the PetGuardian plan can ensure that your pets will be cared for should anything happen to you. PetGuardian recommend