While your pets won’t necessarily inherit your money, putting your pets in your will decides who inherits your pets.
CHARLOTTE, N.C. — Including your pet in your will was once something seemingly reserved for the rich. But, times have changed. Today, people from all walks of life are recognizing the importance of ensuring their furry companions are cared for after they’re gone.
The cornerstone of planning for your pet’s future is designating a pet guardian.
This isn’t about leaving your cat or dog a trust fund. Instead, it’s about appointing someone you trust to take care of them. When you die, your chosen guardian will become the pet’s legal owner. To support their care, it’s essential to set aside money specifically for your pet’s needs.
A staggering 40% of pet owners are already taking this proactive step by naming a pet guardian in their will, a recent poll found.Determining the appropriate amount of …