What Happens If You Leave Your House For A Pet In Your Will?
A lot of people sign their will in before avoiding conflicts and misunderstandings. You may have seen people distributing their will among their children, or signing it in the name of their spouse. But have you heard about someone signing their will in the name of their pet?! And the entire questionnaire came rushing. Who will sign the documents? Who will pay the taxes?
You may be thinking that it will require special lawyers and lawsuit to permit power of attorney, being left at a pet’s name, but turns out it is not that tough. Every state in America has laws mentioned in their constitution regarding pet trust and other details. Similarly, UK also doesn’t seem to have a problem with people leaving their will at a pet’s name.
So, you can actually leave a house to a pet, but you have to make some necessary deposits in the name of taxes and upkeep. Also, you have to mention a trusted person who would take care of the pet. People also referred to in detail of how to look after their pet after they are gone, what to feed them and what how to take full care of them.
Supporting this statement, there are few examples where people have left around $13 million in the name of a cat they rescued. This is an insanely large amount. In such cases, family members may attempt to challenge the will and try to gulp the money in. Giving up such huge sum of money is of no use. You can leave a particular amount of money to ensure proper care of your pet.
There were also cases reported where the actual pet dies, but the caretaker bought a new similar pet so that he continues to get the benefit. After this, laws such as DNA testing and regular health checkups were done mandatory for the pets. Also, if the pet is still alive and they run out of money, it totally depends on the caregiver whether he/she wished to continue or not.