Large Animal – Large “Pet Trust”

A pet trust, which ensures care for the horse if the owner gets sick or dies, is often the best way to ensure the horse’s care.

    Trusts can be remarkably powerful tools to provide for all members of the family, especially the ones most in need of care. This includes four-legged family members that stand “16 hands tall” and are adept at dressage. Yes, trusts can be an essential part of your “horse care” plan, as recently highlighted in The Wall Street Journal article, Stable Value: Putting Your Horse In A Trust.

    Horses are not “pets” in the classical sense, as their needs are far greater than those of the family dog or cat. Not only does a horse enjoy a longer life-span, but horses require more wide open spaces, exercise, care, grooming and food. The upkeep on a horse can be rather expensive.

    Through a pet trust you can set aside sufficient funds to provide for your horse’s unique needs and ensure his care and safety should you predecease him. Even more significant, you can establish important safeguards to ensure proper deployment of those funds.

    Of course, one of the biggest challenges is selecting the proper caregiver of your horse. Would a trusted loved one be willing to serve? Do not assume that charities, shelters or “rescues” would step in to care for your horse. Recent financial difficulties affecting the broader economy have likewise strained the ability of charities and horse shelters to care for horses currently under their care.

    Unfortunately, pet trusts are not recognized in every state, but the problem still remains. If you are a horse owner, then your horse is an important member of your family and you must plan accordingly.

    To learn more about your state laws and the alternatives open to you (and your horse), be sure to seek competent counsel.

    For more information and ideas I recommend reading the original Wall Street Journal article. Be sure to share it with your equestrian friends, too.

Reference: The Wall Street Journal (March 7, 2012) “Stable Value: Putting Your Horse in a Trust”

Comments

[Karen]

I enjoyed the weenked tremendously and I really like your questions about how much is too much? I like the idea of asking ourselves, Does this horse want to do this? Will it EVER want to do this? They DO want to feel good about themselves. Let's not make them do what they do not think they will ever be good doing!Rooney

[Antwanay]

Unless you are already well coeetcnnd in the community there is no way any of the brokers woudl even think about hiring you.You need to work within your own community, so the clients are comfortable with you. Also, in at least 15 years, no one trusts their money and uses a kid.References :

[Ihsan]

breath. adicve. i bucked husbands horse many times still i couldnt stall night. bucking being lead anymore ( spooked barn reared up trampled ) really frusterating feel worse everyday ( husband back surgery i ride horses training lapse solely responsible getting 8 horses out everyday) i recently over . i having neighbor come over night i everyother horse i couldnt passed smashing head. i realized everyday i wasnt taking out stall concentrating worse. one morning i . i took really long deep breaths. took one time everything well gaining confidence back. being bucked totally normal bodies natural response. breath way thru . dont trot walk patterns. sometimes i sing talk horses i ride really relaxes . luck keep riding subside