When writing your Will you can include details as to who will look after your pet. This can relate to your current pet (who will be specifically named in your Will) or any pet who is living with you at the date of your death.
You can decide:
If your pet is to be rehomed you can suggest various charities, organisations or websites to be notified when looking for a new home (your letter of wishes can be handed over to the new owner.)
Whether you wish to include a Trust in your Will for the care of your pet. You will leave a sum of money or a share of your estate in trust. Please consider how much would be appropriate to cover your pet’s life . This will enable the new owner to have all costs in relation to the care of your pet to be paid from the Trust. This will include:
You will need to appoint Trustees to deal with the administration of the Trust and decide who will receive the balance of the trust upon the death of your pet. See below some useful information which may help you to calculate the amount to leave in Trust based on your pet’s life expectancy.
To leave a gift to an animal charity to rehome your pet – you may wish to speak with the charity before making a fixed decision as to their ability to rehome and what their policy is with regard to how long they will keep your pet should they not be rehomed. It is beneficial to provide further instructions in your letter of wishes in the event that your pet cannot be accepted at the date of your death.
Whether to review the gift left in your Will on a regular basis (approx. every 3-5 years) to ensure the one-off gift is sufficient to meet with the needs of your pet or to add additional provisions for any new pets you may have.
This does not take into account any special dietary requirements or ongoing medical treatment your pet currently requires.
10-13 year lifespan, £1,200-£1,400 estimated annual cost.
15-17 year lifespan, £1,000-£1,200 estimated annual cost.
5-10 year lifespan, £20 estimated annual cost.
8-12 year lifespan, £500 estimated annual cost.
5-8 year lifespan, £500 estimated annual cost.
2-3 year lifespan, £100-200 estimated annual cost.
50-100+ year lifespan, £300-400 estimated annual cost.
25-50+ year lifespan, £500 estimated annual cost.
25-33 year lifespan, £3,000-10,000 estimated annual cost.
(Years and figures provided by Practical Law 2018)
For the month of October, we’re offering special discounts for Wills with pet legacies:
All Wills will be provided with a FREE detailed letter of wishes to be filled in by the you with regard to your Pets.
Call 0113 200 9787 to speak to one of our solicitors.
Simply complete this short form and one of our Wills and Probate experts will be in touch soon.Your confidentiality is always assured and we aim to provide excellence in our client care.See what our customers think of us…See staff from this department
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