More Wills Make Provisions for Pets
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When Mama is gone, who will take care of Baby? Four years ago when Laura Souza adopted Baby Nino, an Eclectus parrot that lives to 70, she had her attorney write her will so that unless her daughter takes care of her bird, she will not inherit the estate.
Pet trusts are becoming more and more common now that laws have been passed making them legal. Typically, when someone lists an animal in their will, they will leave around $10,000 to $35,000 for the care of the animal. With the exception, of course, with Leona Helmsley who left $12 million dollars to her dog Trouble. Most people don’t have that kind of money!
As with Leona Helmsley, elderly owners who live alone are more inclined to set up pet trusts. They could also be irritated with their children because they don’t call or visit, or just because they love their animals so much.
But if you don’t have someone you trust, there is a place you can turn to. Pet retirement homes are a new option. The Stevenson Companion Animal Life-Care Center in Texas, currently has about 320 animals from 18 different states at their facility, and for about $50,000 you can enroll your pet, who will be taken care of for the rest of their life.