Whether you're a cat-aficionado, a dog-lover or a fan of any other furry, feathery or scaly companion, it goes without saying that most pet owners in Colorado consider their pet to be one of the family. Many people take the step of executing an estate plan for the benefit of their human loved ones. However, pet owners will also want to keep their animal companion in mind when estate planning. After all, there are no guarantees in life, and it is possible that a pet could outlive its owner.
Generally, there are three different documents that a person can choose from to include their pet in their estate plan. Some people choose to put provisions regarding their pet in their will. Like property, a person can put language in their will leaving their pet to a specific relative or friend. Sometimes, a person can also choose to earmark money for the pet's care in their will. However, there is no guarantee that one's instructions in their will regarding their pet will be followed after they die.