From: Mcgann, Barbara Sent: Wed 3/14/2007 9:27 PM To: Karen Everhart Cc: ridecamp@xxxxxxxxxxxxx Subject: RE: [RC] euthanization
Thank you, Karen. This is exactly what I needed. However, when I apply it to my own situation, I realize that while I can afford my horses as long as I am alive and earning money.....I really can't afford to die and leave them to someone!! It would take $300,000 in a trust fund to support my current horses! OUCH! :>))
Again, thank you for the info. It is sobering and staggering.
Barb McGann
From: Karen Everhart [mailto:rainbowmeadowsranch@xxxxxxxxx] Sent: Wed 3/14/2007 7:37 PM To: Mcgann, Barbara Subject: Re: [RC] euthanization
Hi Barb,
Here is the formula which we use when we are asked to "accept" others horses if the owner dies:
If aged 1 - 20 we assume that the horse will live to age 25. So from current age to 25 x 3000 per year.
If aged 20 - 25 and in good health, we assume they will live to age 30. So current age to 30 x 3000 per year.
If aged 25 or older and in good health then we assume they will live to 35. So, current age to 35 x 3000 per year.
These are 2006 dollars and in our agreement, we ask for a built in cost of living increase from the time someone decides to declare us as their "horse guardians", and their death. If someone sets aside 3000 per year today, but doesn't die for 15 years, the costs of caring for horses will have risen by then. That has to be taken into account.
