A significant number of pet owners in the UK are leaving their beloved animals
vulnerable after they pass away, with only a quarter (26%) of UK pet owners
over the age of 30 having included provisions for their pets in their will.
The research, conducted by Censuswide on behalf of The Association of Lifetime
Lawyers, highlights that 59% of UK adults over 30 were unaware that pets are
considered assets in an estate, meaning they cannot legally inherit money or
property.
Whilst Karl Lagerfeld famously left his fortune to his cat, UK law prevents pets from
directly inheriting money or property. Instead, pet owners must make arrangements
to ensure that their pets are cared for by a trusted person after their death, and these
arrangements should be outlined clearly in a will.
The Association of Lifetime Lawyers represents a community of the most qualified
legal professionals in the UK and is urging pet owners to take the necessary steps to
protect their animals by including provisions for them in their will and discussing
these plans with loved ones. This will ensure that pets are cared for according to the
owner’s wishes and avoids any uncertainty over a pet’s future.
Pets are often considered as beloved members of the family, but too many pet
owners fail to make arrangements for their care after their death. As pets are
considered assets, even if your family or friends have verbally agreed to look after
them, without a plan in place they may not be able to do so.
A will can clearly outline who you want to take responsibility for your pet, and it’s
essential to have a conversation with that person, to make sure they are willing and
able to take on the responsibility. You can leave instructions as to how you wish your
pet to be cared for including their dietary preferences, exercise routines, and medical
needs. In some cases, you may also consider setting aside funds to help with the
costs of your pet’s care, either a specific amount left to the person caring for them or
by establishing a trust dedicated to their care.