It is well known that we are often regarded as a nation of animal lovers. For many people, their pets form an integral part of their everyday lives.
Cash gifts can not be given directly to pets in the United Kingdom but provision can be made for pets in a Will in a number of different ways.
Typically, funds are left to the executors or to one or more friends or relatives (by the use of a trust) to ensure that any pets are looked after for the rest of their lives.
In the alternative, a number of charities also provide schemes to ensure that a pet is cared for following the owner's death.
It is straightforward to make provision for pets in a Will and this is something that should be carefully considered if it applies to you.
Prolific fashion designer, Karl Lagerfeld, who worked for Chanel for over thirty years, has died aged 85, leaving the majority of a fortune worth a reported £150 million to his beloved Persian cat, Choupette. Although the fashion world is mourning the loss of a fashion great, they were not shocked by the news that his pet cat is set to receive a huge portion of his estate.