It has been estimated that millions of people in the UK would consider leaving their pet a legacy when they make their Will.
Currently more than thirteen million people have already added their cats, dogs or other animals to their Will, and latest calculations reveal that well over six billion pounds in assets have been earmarked for them. Will writing solicitors in North Wales recommend no matter who people intend to leave their estate to, they should use the appropriate legal services to ensure their Will is binding.
Although pets cannot directly inherit any assets since, by law, they are classified as property, a person may be named as someone who can take over care responsibilities when the owner dies. That individual could then be given access to a pot of money to be solely used for the needs of the pets.
Recently there has been an increase in the number of people who have added pets to their Wills and there appears to be many reasons for this. For instance, there has been a move to consider animals as part of the family and as such they deserve to access part of the family finances. Those considerations notwithstanding, there are still concerns that many pet owners have not considered what will happen to their animals when they die. Three quarters of those who own an animal have not made any sort of provisions for them.
At Bennett Smith Solicitors, we can help you make your Will, so contact us now to book an appointment.
