What can you do to ensure your furry friends are cared for when you pass away?
From a legal standpoint, pets are considered your property. However, at Kenny Spring, we know that pets are often more like family rather than a piece of property.
For this reason, we often get asked questions about what will happen to their beloved furry friend when they pass away. Here are a few options to consider:
- You could include your pet in your Will to ensure they are cared for if they outlived you.
- Consider including a clause in your Will gifting your pet to a trusted family member or friend to care for your pet. It is important to discuss this option with your friend or family member, so they are aware of this responsibility.
- Some people choose to leave a small gift of money in their Will, to the friend or family member with a non-binding request that they care for the pet.
- Another option would be to establish a trust in your Will, with a small amount of money for the care and maintenance of your pet. This trust could then be used to ensure your pet is cared for until they pass away.
- You may also consider a legacy program with an animal charity or organization. For this option, you leave a gift to the charity in exchange for them looking after or rehoming your pet.
It's important to think about the following things when it comes to drafting your Will and considering your Pets:
- Your pets expected lifespan.
- Maintenance costs (vet bills, food, grooming etc.)
- Ensuring a trusted and reliable person is caring for your pet.
At Kenny Spring, we understand that making sure your loved ones are cared for, including little Rover, is very important. If you have any questions about your estate planning, do not hesitate to contact us on (02) 6331 2911.
Shanaya Stapleton | Solicitor