Yes! This is called a pet trust. In general, it works similarly to a regular trust but it specifically addresses pet care. This might mean setting aside a certain percentage of net assets (up to X dollars, if you want to limit it) for the care and well being of a pet. There are certain aspects to a pet trust:

1. An amount that is set aside for the care of the pet

2. A named successor trustee who will manage the finances for the pet and ensure the caretaker receives whatever money is allocated

3. A named caretaker(s) for the pet (and likely alternates)

4. A plan for any finances that are left in the trust if/when the pet dies and there is money left.

Pet trusts can also include specific requests and preferences, such as food, specialized care or treatment, medical preferences, etc.

If you do have a pet, talk to your estate planning attorney about how best to ensure your pet is cared for in case of your incapacity or death.