Pets are often treated as cherished members of the family, particularly by people who live alone, are separated from relatives, or rely on their animals for companionship. Many pet owners want peace of mind that their beloved companions will be cared for after they pass away and may even wish to leave part of their estate to a cause that matters deeply to them.
So, can a pet inherit money? The simple answer is no. Pets cannot legally inherit money, property, or other assets. However, there are legal options that allow owners to provide for their pets after death. This article explains what the law permits, a look at a current case study, and explores how effective estate planning can help protect your pet’s future.
Why pets cannot inherit money
In the UK and many other countries, pets are legally classified as personal property rather than legal entities. As a result, they cannot directly inherit money, assets, or property through a will.
This means pets cannot:
- Own assets
- Open bank accounts
- Sign legal documents
- Be named as direct beneficiaries in a will
Case study: Karl Lagerfeld’s beloved cat, Choupette
When renowned French fashion designer Karl Lagerfeld died in 2019, reports suggested that he had set aside approximately $1.5 million for the care of his famous cat, Choupette. Some media outlets even claimed that she would inherit part of his estate.
However, 7 years after Lagerfeld’s death, Choupette has not received any inheritance. The contents of Lagerfeld’s will remain confidential, and the exact amount intended for her care has never been publicly confirmed. Under French law, animals cannot inherit assets directly. Instead, a person can leave money to a trusted individual with instructions for how a pet should be cared for as part of their final wishes.
How to leave money for your pet
Although pets cannot inherit directly, there are several ways to ensure they are financially supported after your death.
Include pet care provisions in your will
Pet owners can appoint a trusted caregiver in their will to take ownership of their pet. They may also leave a financial gift to help cover the ongoing costs of care, including food, veterinary treatment, and insurance.
Create a pet trust
A pet trust can be established through your will. This allows trustees to manage a designated sum of money and use it specifically for your pet’s welfare throughout its lifetime. Funds can be used for veterinary bills, insurance, grooming, food, and other care related expenses.
Use an animal charity scheme
Many UK animal charities offer lifelong pet care schemes. These programmes can take responsibility for your pet after your death and help find a suitable new home, ensuring continued care and support.
Why planning for your pet matters
Without specific pet care provisions in your will, your pet’s future may be uncertain. Family members could disagree about who should take responsibility for the animal and how the costs of care should be covered.
Choosing a caregiver carefully is important, as not everyone may be willing or able to take on the responsibility of looking after a pet.
If you die without a will and have no close relatives, your pet may face a greater risk of being abandoned or placed in a rescue shelter.
Final thoughts
Leaving an inheritance to a pet may sound unusual, but it is a common concern among devoted pet owners. While animals cannot legally inherit money or property, there are effective ways to ensure they are cared for after you are gone. Whether through a pet trust, a financial gift to a caregiver, or an animal charity scheme, planning ahead can provide valuable protection and peace of mind.
