Sometimes, our pets can seem so much like our children that it’s hard to remember they’re not actually people. And when it comes to estate planning, it’s easy to make the mistake of treating a pet like a person by including Fido or Fluffy in your Will, and leaving property directly to him or her. The problem with this is that, in the eyes of the law, pets are property themselves, so you can’t leave property to them. There are two ways to provide for your pet after you’re gone. 1. Leave … [Read more...] about Estate Planning Mistake: Leaving Money to Your Pet
It’s something that might not immediately spring to mind during the estate planning process, but if you’re a pet owner, you’ll want to think about including your pet in your estate plan. If your pet is left out of your estate plan, then it’s treated like the rest of your property. For lucky pets, this means a new life with a loving, caring family member. For the unlucky ones, though, the future can be bleak – often pets wind up without a home when their owners die. So, how can you make sure … [Read more...] about What Will Happen to Your Pet When You Pass Away?