&
Pet Lovers
Probate
F
or those of us with furry friends,
we do sometimes wonder what life
will be like for them should we pass
away. We want to ensure they are
protected and loved once we are no longer
there to look after them.
It is possible to leave your animals in your
Will to friends or family members, whom you
trust to take care of your pets once you are
gone. A small monetary gift alongside this
could help to ensure your pampered pooch is
kept in a style to which he or she has become
accustomed.
Specifically placing money into trust for the
sole benefit of an animal is problematic: English
law gives very few exceptions to the rule that
only human beneficiaries can receive money
under a trust. Although there is a common law
means of leaving money for the welfare of an
animal for a defined number of years, this is
rare and not particularly advisable.
However, providing money on a discretionary
trust basis to the recipient of your pet may be
a more nuanced means of ensuring that funds
might be used for your pets after you have
died.
Some charities operate a service whereby they
can quickly and safely receive your pets, and
provide food and shelter for them once you
have passed away: you may wish to speak to
your local charities and see what options may
be available to minimise distress and harm to
your pets at that difficult time.
You may also want to consider leaving a gift of
money for a relevant charity: not only will this
help look after other animals, but it may also
reduce the inheritance tax payable on your
estate.
Speak to your local will writer if you have
any queries over how best to look after your
beloved pets.
Pet lovers and probate –
James Greenwood
The Society of Will Writers
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