Can I Provide for My Pets in My Will?

Note: The following article is part of our Complimentary Articles Series, designed to provide additional insights and detailed information on specific topics within estate planning.

Alongside this article, we suggest exploring our pillar articles for a comprehensive understanding of general estate planning issues.

• Why is it Important to Write a Will?
• How Often Should I Update My Estate Plan?
• When Should I Consider an Estate Plan?
• What Are the Benefits of an Estate Plan?
• What Are the Rules of Intestacy?
• What Happens If I Die Without a Will?
• What is Partial Intestacy?

INTRODUCTION

Although we treat our pets as beloved family members who bring us endless happiness, affection, and company, they are unfortunately recognised by law as "property."

If you cannot continue providing for your cherished feathered, furry, scaled friend, they will not receive the care and attention they need.

This article looks at how you can provide for your pets in the event of your death or you lose capacity.

For context, we recommend our other articles in relation to estate planning.

WAYS OF TAKING CARE OF YOUR PETS

• Establish a Pet Trust: Setting up a pet trust is one of the best ways to care for your animals, and it's a legally binding, legitimate document for protecting your pets' welfare. You can nominate a Trustee to oversee the Trust funds and ensure they are used solely for your pets' care. The Trust can also specify what the funds should be used for (e.g., food, veterinary care, and living conditions).

• Set Aside Funds for a Reputable Person or Organisation: If you'd rather not create a Pet Trust, you can also leave money for your pets' care to a reliable person or organisation that you nominate in your will. To make sure the person or group you have selected is capable and willing to assume the role, make sure you have discussed your intentions with them beforehand.

Caution

In the same way humans create different bonds with different people, animals exhibit the same varying responses to different caregivers.

Don't assume that the strong bond you share with your pet will automatically extend to the person you designate as the new caregiver.

While your financial provisions may ensure the pet's wellbeing, you should consider the emotional connection between it and its potential new owner.

To safeguard both the animal and the human involved, be open and frank with the new caregiver before making any decisions to be sure that a strong bond can be established.

Need to know more?

Good estate planning creates a solid foundation for preserving your financial legacy, providing for your loved ones in the future, and providing peace of mind for you and your loved ones.

Whether you are starting from scratch or looking to update your current arrangements, Squiggle can provide some clarity and direction, helping you to tailor a plan that suits the unique circumstances of your loved ones.

Book a callback, and we'd be happy to arrange a no-cost, no-obligation discussion with you to lay out the options available.

Alternatively, call us on 01233 659 796.

Or reach out to us here.