Have you ever thought of what happens to your beloved pet if you were no longer here or able to care for him/her? This is the fear of many animal parents, and none of us know when we might be involved in an accident or pass away unexpectedly, never returning home for dinnertime and cuddling with our pets. Just because you have a friend or relative who is an animal lover does not mean that they would be willing or even able to continue caring for your pet in the manner your pet is accustomed. Don’t ever assume that responsibility on someone else, especially without a written contract signed by both parties and statement in your will and with their consent.

“What happens if…” is the biggest concern of pet lovers everywhere, yet most of us do not have explicit directions with financial means attached for the continued care of our four legged companions in our wills. Naming the Pet Placement Center as the party responsible for your pet can be your first step in finding a sense of peace about the what happens if scenario. This will help prevent family members/friends from having the burden of trying to find a home during their time of loss, or surrendering your pet to a municipal shelter. The Pet Placement Center conducts thorough interviews with potential adopters, and counsels them on the importance of proper care, food, and routine visits to the veterinarian for vaccines/preventatives/health checks. The Pet Placement Center does not wish to merely find a home for your pet, but strives to find the perfect match for your pet.

One of the biggest ways that you can help us care for your pet and find him/her a loving home is to bequeath funding from your estate to help with the cost of food, veterinary care, and monthly preventatives while at our center. Older pets require even more care, veterinarian visits and medications, which the Pet Placement Center goes above and beyond to provide in an effort to keep your pet healthy and comfortable.  If you want your devotion to animals to continue after you are gone, then please consider including Pet Placement Center (THAL) in your will. 

Writing your will to include a gift to support the rescue efforts at our shelter is a perfect way to assure that your love of animals lives on. Keep in mind that such donations are not only extremely helpful to our mission, but they are also tax deductible and therefore potentially a financial benefit to your estate. This information is not intended to serve as legal or tax advice. You should consider using a lawyer when planning for your will or estate.

If you would like to include Pet Placement Center (THAL) in your will, it is quick and easy to do. You can simply copy the following paragraphs to use in your will, or if you have already written your will, you can use the second section below to amend your existing will.

Include Pet Placement Center (THAL) in your will:
"I bequeath to Pet Placement Center (THAL), at 5975 Dayton Blvd., Chattanooga, TN 37415 in the sum of ___ dollars."

Amend your will to include Pet Placement Center (THAL):

"I hereby amend my last will and testament executed on ___day of ___ in the year ___.  I direct that all provisions of that will remain in effect, and in addition, I bequeath to Pet Placement Center (THAL) at 5975 Dayton Blvd., Chattanooga, TN 37415 in the sum of ___ dollars." (A codicil changing your residuary estate will require you to make other adjustments.  Your attorney will advise you.)

Communicate your desire for your family and friends to honor your memory with a donation to your Pet Placement Center (THAL) memorial by requesting your family include the following in your obituary: "It was the wish of the deceased that donations be sent to (his or her) Pet Placement Center (THAL) in lieu of flowers."

What is Planned Giving?
Planned giving is the best way to assure that your love of animals lives on after you are gone. To make your charitable giving dollar really count, you can choose to fund the future of Pet Placement Center (THAL) with your estate planning. Making a gift to our no-kill shelter is one of the most effective ways to ensure that your legacy lives on in our mission to save homeless pets' lives.

Pet Placement Center (THAL) invites you to join other supporters who have already acted to ensure the future of our no-kill shelter by including Pet Placement Center (THAL) in their estate plans.

Here are some examples of ways you can help: 

Name Pet Placement Center (THAL) as beneficiary of a retirement plan or
Pet Placement Center (THAL) as beneficiary of an insurance policy.

Either of the above two options may benefit your heirs through avoidance of substantial income and estate taxes. Here is more information on these two examples...

Retirement Plans
Retirement plan assets are one of the best assets to use for charitable gifts. You can create a legacy by naming Pet Placement Center (THAL) as beneficiary or contingent beneficiary of an IRA, 401(k), 403(b), or other qualified retirement plan. After your lifetime, all or a portion of the unused balance in your account is transferred to us as a charitable gift. 

When a retirement account is left to a charity such as Pet Placement Center (THAL), the non-profit organization does not pay the income tax otherwise due if left to a friend or non-spouse family member. All you have to do is complete a change of beneficiary form, which may be obtained from your plan administrator. 

Insurance Policies
If you no longer need life insurance that was purchased years ago to provide for children or other family members, please consider donating the policy, or even a percentage of your life insurance policy, to Pet Placement Center (THAL). How could this benefit your estate? You may claim a charitable deduction for approximately the policy's cash surrender value.

You can also create a legacy by naming Pet Placement Center (THAL) as the beneficiary or contingent beneficiary of your life insurance policy. All you need to do is to complete a change of beneficiary form with the insurance company and you can change your mind at any time by updating this form.

What Can I Do While I Am Still Here?
Charitable Remainder Annuities and Unitrusts
Charitable Remainder Annuities and Trusts allow you to set up a trust that will ultimately benefit Pet Placement Center (THAL), while providing you with current income. To do this, you make an irrevocable (tax-deductible) donation of $100,000 or more in your name. With a charitable remainder unitrust, your payment rate is fixed at 5% or more, but the amount fluctuates based on the value of the trust each year.  With a charitable remainder annuity trust your payment amount is fixed at 5% or more and does not fluctuate through time. In both cases, you have assured a future for Pet Placement Center (THAL) in a trust under your name. 

Life Income Plans
Life income plans may provide significant income tax savings and favorable capital gains tax treatment on gifts of appreciated property. Life income plans allow you to support our no-kill shelter while at the same time receiving an income for the remainder of your life. 

Real Estate as a Gift
You can give your residence, vacation home, acreage, farm, or unimproved parcel of land and still retain use of it so that you and your family can continue to use it for the rest of your lives while obtaining significant tax and estate planning benefits. A residence may have appreciated so significantly in value that its sale by you would generate a substantial income tax burden. By making a gift of a full or partial interest in real estate to Pet Placement Center (THAL), you will avoid tax on the long-term capital gain and generate an income tax charitable deduction for the full fair market value of the property. 

Charitable Gift Annuities 
A charitable gift annuity allows you to benefit from an income tax deduction and also may provide capital gains and estate tax benefits. A charitable gift annuity must be at least $5,000 per person. In exchange for this gift, Pet Placement Center (THAL) provides guaranteed, fixed payments to you for the rest of your life. Upon your death, the remainder of the gift will support the work of Pet Placement Center (THAL).

Contact Pet Placement Center (THAL):
If you would like more information, or would like to let us know that you have already included Pet Placement Center (THAL) in your estate planning, please contact Kristin Stanford at 423-877-0738 or director@thalppc.com.

- Upcoming Events -
Brick Info Order online for Brick
Furry Tales
Pet Placement Center has launched a new volunteer opportunity for children in grades 1-5 to help the children keep up with their reading skills during the summer and bring comfort to and reduce the anxiety of shelter pets. Click here for more information.
Planned Giving