You might be thinking, “I’ve already told my brother he can have my dog,” and your brother has already agreed. However, this isn’t legally binding.
So, is there a way to make this situation more official?
Yes, there is! Including your pets in your Will is known as “making a provision for a pet.”
Despite what you might’ve heard about Karl Lagerfeld’s cat inheriting his fortune, it’s more accurate to say he left £1,000,000 to the person caring for his cat. We’ll cover this in more detail…
You can add a letter of wishes in your Will to detail how you’d like your pets to be cared for. It’s also a good idea to ringfence some money to be used to cover your pet’s needs such as vet bills, insurance and food.
Including your pets in your Will can massively contribute to your peace of mind. Most importantly, a Will makes sure your pet gets the love and stability it deserves.
