Article from Your Estate Matters, a Publication of Clark Wilson’s Wealth Preservation Group.
Animals have been prominent in newspaper headlines over the past week. A cute monkey in a coat wandered freely in a Toronto-area Ikea. In New Zealand, driving dogs passed a doggie driving test, navigating a modified car around a race track live on television. It turns out that animals are not all that different than people. (more…)
While there are over 58 million pet owners, not nearly enough have made provisions for the care of their pet in their will.
This website features a few different sites with information about basic estate planning for your pet. Suggestions from these sites include creating a living trust, making an animal care card or document and appointing a power of attorney, to ensure that money is available to maintain your animal and that they are cared for the way you would have wanted.
Full story at Animal Companion Rescue Foundation.
We often read about millionaires that have left behind a fortune to their four-legged friends.While these stories may sound surprising, there are actually many people that choose to make provisions for their pets in their wills. (more…)
While estate planning requires considerations about real estate, bank accounts, financial instruments or personal items, part of the planning process that is often overlooked relates to pet care in the case of death or incapacity. (more…)
Under a will, specific bequests can be made to charities, and if the executor does not honour these instructions, he or she may find themselves in the midst of a legal battle. (more…)
Often when someone passes away, a bequest is made to an individual to care for his or her pet. But in this case, the dogs were left an inheritance!