Your Pet and Your Estate

Richard Eisenberg, October 1, 2014

Maybe you heard that Joan Rivers left a portion of her $150 million fortune to her four rescue pups, who are now living with her longtime assistant. Or that Lauren Bacall’s will said her dog, Sophie, would inherit $10,000 of her $26.6 million estate. You might have even laughed when you heard the news. But anyone who owns a pet or ever has understands exactly what Rivers and Bacall were doing — ensuring that their loved ones would be cared for after they were gone. As Rivers told The Daily Beast’s Tim Teeman in early September: “I’ve left money so the dogs can be taken care of.” (In my own family, the loss of our beloved miniature schnauzer, Chance, a few years ago, was one of the saddest days of our lives.) If you’re a pet owner, you should follow the lead of Rivers and Bacall, no matter how big your estate will be.

Read more at Next Avenue http://www.nextavenue.org/blog/lessons-pet-owners-bacall-and-rivers

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