port of harlem magazine
paranormal sagas
How To Include Your Pet in Your Estate Plan
Dec 14 – Dec 27, 2023

pets in wills

Key Takeaways

Pet owners will go to great lengths to ensure that their beloved animals receive the finest of care for life—even if, in some cases, it extends beyond the life of their owner.

Take famed designer Karl Lagerfeld, who reportedly left his Burmese cat Choupette a 7-figure piece of his multi-million-dollar fortune. Or hotelier Leona Helmsley, whose will left $12 million in a trust for the care of her Maltese dog Trouble.

While Helmsley’s bequest may have been extreme (a judge later knocked down the amount to a relatively modest $2 million), the impulse isn’t: “When it comes to their pets, people are extreme!” acknowledges Aimee Kwain, an advanced planner with Fidelity and an animal lover who has multiple cats.

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