A recent Jenna's Dogs Blog post - Heiress Gail Posner's Dogs Inherit a Fortune - really made her fur stand up because it questioned the propriety of Conchita's (Ms. Posner's Chiahuahua) one third share of a $3 million inheritance. Naturally, Mia wasn't pleased:
Pardon me for not living in medieval times, but what exactly is so wrong with a dog inheriting $1 million, other than it doesn't buy as much Iams as it used to? This blogger - and her canine hating readers - gets a lift o' the rear leg from dog lovers everywhereMia can be excused for taking it so caninistically. She is aware of a relatively new Florida Statute enabling those of us who cannot guarantee we will outlive our beloved pet to provide for them as long as they live.
Why would you want to include your pet in your estate planning? For many of the same reasons we've set up a "pet Trust" for Mia. We want to:
- ensure someone we know who loves her will take care of her
- provide the means for taking care of her
- avoid the perils and delays of probate
Where does the remainder of the trust go when Spot "moves on?" Anywhere you want! Perhaps your favorite charitable organization, such as your local animal shelter or the Humane Society.