For many of us, pets are not just animals but cherished members of our family, offering companionship, loyalty, and love. As responsible pet owners, it’s natural to worry about what will happen to our four-legged friends should we pass away before them. In England and Wales, while the law does not permit pets to inherit assets directly, there are still ways to ensure they are cared for, according to our wishes, through our Wills.

The Legal Landscape: Pets and Inheritance

Under the law of England and Wales, animals, including dogs, are considered property and cannot inherit assets or money directly. This legal standpoint might initially seem like a barrier to those wishing to provide for their pets posthumously. However, with proper planning and advice, it’s entirely possible to ensure your pet’s future welfare.

A Tail-Wagging Solution: Trusts and Wills

The most effective method to ensure your pet is looked after once you’re gone is through the establishment of a trust within your Will. This involves allocating a portion of your estate to the care of your pet, managed by a trusted individual you appoint as the trustee. This trustee’s responsibility will be to use the funds to care for your pet, adhering as closely as possible to your wishes. They will have legal responsibilities.

Choosing a Caretaker

When making provisions for your pet in your Will, it’s crucial to appoint a caregiver who is both willing and able to take on the responsibility of looking after your pet. This should be someone you trust, who understands the commitment involved and is likely to outlive your pet.

Letter of Wishes

Accompanying your Will with a Letter of Wishes can provide invaluable guidance to your pet’s caregiver. This letter can detail everything from your pet’s dietary preferences and routine veterinary care to how you’d like them to be treated day-to-day. While not legally binding, this document can ensure your pet continues to live a life that mirrors the care and love they received from you.

Appropriateness of the Bequest

It’s important to consider the size of the legacy you leave for your pet’s care. An excessive amount might not only be impractical but could also lead to legal complications or disputes among beneficiaries. Instead, aim for a sum that realistically reflects the cost of caring for your pet over their lifetime. Additionally, specifying what should happen to any remaining funds after your pet passes away, such as donating to an animal charity, can be a thoughtful and meaningful gesture.

Notable Cases and Considerations

While the idea of leaving a fortune to a pet might sound extreme, there have been notable instances worldwide. One of the most famous is the case of Gunther IV, a dog purportedly inheriting $80 million from Carlotta Liebenstein in 1992. Although aspects of this story, including the inheritance ballooning to $372 million and the purchase of Madonna’s Miami mansion, have been met with skepticism, it highlights the lengths some will go to ensure their pets are cared for.

Practical Advice and Support

At SLS Wills and More, we understand the bond you share with your pet and the importance of ensuring their well-being, even in your absence. Our team can offer sound, practical advice on incorporating pet care into your estate planning, ensuring your beloved companion will continue to receive the love and care they deserve. We can also guide you towards animal charities that offer re-homing services, ensuring a safety net for your pet’s future.

Planning for your pet’s future might not be the first thing on your mind when considering your estate, but it’s an act of love that can give you peace of mind, knowing your cherished companion will be looked after when you’re no longer able to do so yourself.