You don’t have to be Leona Helmsley to want the best for your pet after you die. She left her dog Trouble $12 million when she passed away in 2007. A judge cut the award to $2 million and awarded some of the money to her grandchildren, but the Maltese still lived a life of luxury until his death in December. The dog’s passing was announced this month by the Helmsley trust.
Pet estate planning has grown since Helmsley’s will made headlines. Today there are retirement homes for pets all across the country, and at least 45 states allow for pet trusts. A pet trust is an agreement that specifies how an owner wants a pet to be cared for, including details on who will be responsible for the animal and how the care will be paid for.
The original is here: Home & Garden | Estate planning: Who will care for your pet? | Seattle Times Newspaper.