A significant number of pet owners in the UK are leaving their beloved animals vulnerable after they pass away, with only a quarter (26%) of UK pet owners over the age of 30 having included provisions for their pets in their will.
The research, conducted by Censuswide on behalf of The Association of Lifetime Lawyers, highlights that 59% of UK adults over 30 were unaware that pets are considered assets in an estate, meaning they cannot legally inherit money or property.
Whilst Karl Lagerfeld famously left his fortune to his cat, UK law prevents pets from directly inheriting money or property. Instead, pet owners must make arrangements to ensure that their pets are cared for by a trusted person after their death, and these arrangements should be outlined clearly in a will.
The Association of Lifetime Lawyers represents a community of the most qualified legal professionals in the UK and is urging pet owners to take the necessary steps to protect their animals by including provisions for them in their will and discussing these plans with loved ones. This will ensure that pets are cared for according to the owner's wishes and avoids any uncertainty over a pet’s future.
How do I ensure my pets’ welfare is considered?
Pets are often considered as beloved members of the family, but too many pet owners fail to make arrangements for their care after their death. As pets are considered assets, even if your family or friends have verbally agreed to look after them, without a plan in place they may not be able to do so.
A will can clearly outline who you want to take responsibility for your pet, and it’s essential to have a conversation with that person, to make sure they are willing and able to take on the responsibility. You can leave instructions as to how you wish your pet to be cared for including their dietary preferences, exercise routines, and medical needs. In some cases, you may also consider setting aside funds to help with the costs of your pet’s care, either a specific amount left to the person caring for them or by establishing a trust dedicated to their care.
For pet owners looking to make legal arrangements for their animals, our Private Client team will be able to assist you in creating a will that fully accords with your wishes. Contact us here or give us a call on 0845 55 55 321.
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