When planning for our beloved pet's future, leaving a chunk of an estate to them might sound like something out of a Hollywood movie. Yet, it is more common than you might think—though navigating the legal landscape can be as complicated as untangling a ball of yarn, especially when facing state laws or disgruntled heirs.

Choupette Lagerfeld / Instagram

Take the instance of Karl Lagerfeld, the iconic designer who left behind a legacy of style—and a generous bank account for his cherished cat, Choupette, after his death in June 2019. The designer's decision to ensure his cat's luxurious lifestyle continued after his passing made headlines, but he is not the only one thinking about their pet’s future.

According to estate attorneys, leaving money to pets has been widespread. CNN reported that more and more people are creating generous provisions, ensuring fur babies are well cared for when they’re no longer around. This trend highlights the deep bond between people and their pets—and the lengths owners go to ensure their animals live out their days like royalty.

Pet Trusts and Pawsitive Planning

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Since 2008, 29 states have adopted pet trust laws, ensuring that pets are well cared for even after their owners have passed. Every state, along with Washington, DC, now has policies to help safeguard the future of pets, according to the American Society for the Prevention of Cruelty to Animals. 

While pets can not inherit a house, a person can name a guardian for their pet and leave money and property to that individual. The guardian can use those assets to care for the pet, even in the owner’s home. A famous example occurred in 2008 when a New York probate court reduced controversial real estate mogul Leona Helmsley’s $12 million inheritance to her Maltese, Trouble, at $2 million. The court awarded $6 million to Leona's grandchildren even though she disinherited them. 

Trust Funds for Furry Friends

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Setting up a trust is the way for those who want to ensure their domesticated animal's well-being after they are gone. This legally binding arrangement ensures the funds are used exclusively for the pet’s care. Majel Barrett-Roddenberry, wife of "Star Trek" creator Gene Roddenberry, did just that by establishing a $4 million trust for the couple’s canines and an additional $1 million for a worker to look after them. Florida attorney Peggy Hoyt, author of "All My Children Wear Fur Coats," advises her clients to leave detailed instructions for their animal's caretakers. 

Leslie Ann Mandel’s careful planning, like that of many pet owners, underscores the importance of thoughtful estate planning when it comes to our furry and feathered companions. By establishing an evident trust and appointing a separate trustee, pet owners can rest easy knowing their beloved animals will be cared for according to their wishes. As more people recognize the value of these arrangements, it becomes clear that ensuring their animal's future is not just a luxury for the rich and famous—it is a responsibility that any devoted pet owner can take on.