What Happens to the Leftover Funds in a Pet Trust?

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When your pet passes away, you can direct what should be done with any funds remaining in the trust. It is generally not a good idea to leave the remainder to the trustee or caregiver, as this could create a conflict-of-interest while your pet is alive.

It is common for pet owners to dedicate the remainder of their pet trusts to an animal-related cheritable organization. Nonprofit organizations with goals you support, or local animal shelters can be worthy recipients of the money. Something with personal relevance to you and your pet can also be a good idea, such as a gift to maintain a park you frequented.

It is also possible to give the remainder to any other beneficiary, like a friend or family member, if you choose.