What? A “Pet trust”? Pets as our “children”? We are supposed to consider including our pet animals – dogs, cats, birds, etc – as “family members” and “loved ones” who should be covered in our testamentary trust or will and our estate planning? Aren’t these just mere “animals”?
Well, not quite so any more these days!
Americans own a huge number of pets, including about 68 million dogs and 73 million cats, according to a 2000 estimate by the American Pet Products Manufacturers Association. What is even particularly fundamental, however, from the sociological standpoint and the transformation of the American society, is this: That for a great many Americans, and a growing number of them, their home pets are now considered a bona fide “member of the family,” and not just “animals” any more.
An October 1999 survey by the USA Today newspaper, for example, found that more than 66% of American pet owners said they consider their pets “a member of the family.” In a more recent survey by the American Animal Hospital Association, a whopping 84% of American pet owners were reported to think of their animal companions as being their kids.
In deed,