Do you love animals? Do you know what would happen to your beloved family pet in the event of your death? Why not protect them in your Will, and ensure they’re safe and provided for once you’re gone?
The Pet Food Manufacturers Association have recently released figures that 44% of UK households have pets. Equating to 54 million pets, this means many of them may be left behind if their owner dies.
As pets have normally been in the family for a number of years, many owners assume family members will look after them after their death. This isn’t always the case.
Not everyone has the time, money, or simply wish to make the commitment pets demand, so it is imperative you discuss your plans with the people involved.
This gives them, the opportunity to think about your wishes, and allows you the option to rethink if they decline.
If a family member is unable to care for your pet, there are specific charities eg. RSPCA Home For Life Scheme, which are designed to rehome your pet and ensure they’re looked after.
According to the Administration of Estates Act 1925, pets are “personal chattels” meaning, they can be included and provided for in your Will.
No matter which option you take, you still must consider the expenses of looking after a pet over the rest of their lifetime:
Food
Vets
Medication
Grooming
Insurance
Funeral fees
In order to cover this, you may provide cash gifts specifically allocated towards their future care.
When writing your Will, it is advised not to specifically name your pet, but provide a letter of wishes to run alongside your Will detailing your wishes for their care, and information such as registered veterinary surgeries, or important medication.
Don’t forget to review your Will every few years, as if you die with an out of date Will, your wishes may never come to fruition, and any new pets you’ve acquired may not be protected.
To ensure your Will is sound, and legally adheres to your wishes, contact LCS now on 0345 017 8250 and speak to our professional advisors.
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