You probably weren't thinking about your last moments on earth when you adopted your pet, but time marches on and we may not always be available to care for our furry little friends. In the event you die before Fido, do you have a plan for his care?
Irrevocable trusts are popular options for people when they are going through the estate planning process for various reasons. These are not uncommon options, but most people tend to put regular trusts in place. When the option exists to create an irrevocable trust, you should educate yourself as to what it entails and how it can be beneficial for you.