Some pet owners go above and beyond to ensure their furry family members are cared for after they’re gone. These three famous pet trust cases showcase unique approaches to planning for pets—and offer valuable lessons for anyone considering a pet trust as part of their estate plan.
1. David Harper and Red
David Harper, a reclusive bachelor from Ottawa, Canada, wasn’t widely known during his lifetime. But after his death, he made headlines by reportedly leaving his entire $1.1 million estate to his beloved tabby cat, Red. To ensure Red’s care, Harper cleverly bequeathed the money to the United Church of Canada with the stipulation that the church care for Red. His creative plan worked perfectly.
Lesson Learned:
- Be creative. You can structure your estate plan in innovative ways to ensure your pets receive proper care. Collaborating with an experienced attorney can help bring your unique ideas to life.
2. Maria Assunta and Tommaso
In a true rags-to-riches tale, Maria Assunta, a wealthy Italian widow, rescued a stray cat from the streets of Rome and named him Tommaso. As her health declined, she sought a trustworthy animal organization tocare for Tommaso but found none that met her standards. In 2011, Assunta passed away at age 94, leaving her $13 million estate directly to Tommaso, with her nurse appointed as his caretaker.
Lesson Learned:
- Don’t assume. Never assume someone will step in to care for your pets after you’re gone. Instead, plan ahead by choosing a caretaker you trust and documenting your wishes through a proper estate plan.
3. Patricia O’Neill and Kalu
Patricia O’Neill, daughter of British nobility and former wife of Olympian Frank O’Neill, reportedly intended to leave a $70 million fortune to her beloved chimpanzee, Kalu, and her other pets. Unfortunately, in 2010, it was revealed that O’Neill was bankrupt due to the dishonest actions of a financial advisor. This tragic case highlights the importance of keeping your financial and estate plans aligned.
Lesson Learned:
- Plan with financial oversight. You can only leave what you actually have. If ensuring your pet’s future care is a priority, make sure your financial plan supports your estate plan and that you oversee your advisors carefully.
Secure Your Pet’s Future with a Pet Trust
These stories illustrate just how important it is to plan thoughtfully for your pets. Establishing a pet trust is the best way to ensure they receive the care and love they deserve after you’re gone. Whether you want to explore a creative approach, secure a trusted caretaker, or align your financial and estate plans, we’re here to help.
Call us today to learn more about your options and give your beloved pets the peace of mind they deserve.
