What a difference a decade makes.
The notion of including pets in trusts and wills was once considered a bit kooky. But over the past several years, legally recognized pet trusts have become increasingly popular – and owners are going to great lengths to ensure their pets’ safety, comfort and even dietary needs.
"Ten years ago, people thought it was almost funny to talk about estate planning for pets," says Texas Tech University law professor Gerry W. Beyer, author of Fat Cats & Lucky Dogs. "The interest is now very serious… it’s gone from fringe to mainstream."