Pet Protection…. Plan
Whether your best friend has 4 legs or feathers, we all know the comfort and companionship our pets give us. Langham Wills staff, pictured with their furry friends, realise the importance of Pet Protection, not just for immediate veterinary fees but also for the future. Our animals give us a sounding board for our thoughts and provide an immense amount of unconditional love in return. In fact some of our most cherished memories can be the times we spend with our pets.
From walks on beaches, to winning rosettes, to teaching Polly to talk, we invest a lot of our time and energy into our pets. We take time to choose the best food, to invest in their training and cover their medical needs. Some of us spend our disposable income on beautiful collars, the best cages, fluffiness beds and latest toys. Some of us dedicate our spare time to travelling and competing our pets.
But what thought is given to the animals welfare in the eventuality you are not here to look after it? Very often our beloved pets are overlooked when writing a Will. Are you comfortable not knowing where your pet may go, for instance if it is left to the RSPCA to Rehome.
Thought has to be given to whether you consider your pet to be a disposable asset or a loved member of your family. After all a Grand Prix show jumper may be worth in excess of £25,000, but was it home bred and broken and do your family feel emotionally invested in the animal?
Once you’ve decided your pet is more than an asset then you can look at ensuring your pets welfare should you pass away before them. Firstly, and most important is deciding who your pet should live with in such an event. Most people will assume, like their possessions, the animal will pass to spouse or children. However consider the animal before such an assumption. If you have a large dog, i.e. An Afghan or Wolfhound and your child lives in a flat are they the most suitable to look after your pet? Another vital consideration is if your spouse/children are physically able to provide the right level of welfare and exercise for your animal.
Having worked out the welfare aspect of bequeathing your pet and fully discussing this with your chosen beneficiary then you can look at the financial implication such a gift presents. Particularly in the case of large animals such as pot bellied pigs or donkeys, providing a financial element to the bequeathment of ownership is sensible to facilitate the continued level of care you have given. We all know the cost of feeding and veterinary care of pets and with larger animals you may have external costs such as livery or shoeing.
Leaving a pet behind is a sadly overlooked aspect of estate planning. Making sure your family and friends know your wishes and have the finance to continue your love and protection of your pet is easily achieved with proper Will advice.
So why not speak to our animal loving estate planning team, and look after your pet forever. For more detail call Langhams Wills Ltd on 01473 487611 or email email@example.com