If you’re like many pet parents, you’re convinced that nobody know your pet’s needs better than you do. So do you lie awake wondering what would happen if you could no longer care for your beloved buddy?

Pet trusts are set up for just that reason. A pet trust is a legal document detailing how your pet should be cared for if you become disabled or die. In a typical scenario, you designate a trustee to oversee the finances necessary for your pet’s care. That trustee makes payments to a pet caretaker of your choice who then carries out your wishes.

If you’re interested in setting up a pet trust, contact an attorney with a specialty in estate planning. Then work together to lay out as detailed and specific a document as possible.

Once you’ve set up a pet trust, you may sleep better.