Karl Lagerfeld, the late fashion designer, left part of his $195 million dollar fortune to his gorgeous cat Choupette.It is becoming more common for people to include their pets in their wills and estate plans, including leaving them money or other assets. In the past, pets were often treated as property, but attitudes toward pets have changed, and many people now view their pets as valued members of the family.
When people leave money to their pets in their wills, it is better to do it through a pet Will. The Pet Will specifies how the money is to be used for the pet’s care and well-being, and names a trustee who will manage the trust and make sure that the pet’s needs are met.
There are some legal considerations to keep in mind when leaving money in a pet Will. For example, while pets cannot inherit property directly, a trust can be set up to hold assets for the benefit of the pet. It is also important to choose a responsible trustee who will manage the trust properly and ensure that the pet’s needs are met.
Overall, leaving money to a pet in a pet Will can provide peace of mind for pet owners who want to ensure that their beloved pets will be taken care of after they are gone.
The soon to be millionaire cat heiress currently has 235,000 Instagram followers, maids, and a bank account with $3 million dollars in her own name.
Lagerfield’s love for his cat knew no bounds; every hour while travelling Lagerfield would demand a picture of Choupette be sent to his phone. He wrote a book about caring for Siamese cats and dedicated it to her. A line of makeup is based off of the beloved feline. Fashion accessories and handbags are also modeled after her and sold on the Lagerfeld website. That feline is rolling in dough!
Sounds like this cat has everything right?
What’s the one thing she doesn’t have? A Pet Will!