BankingPlus | Lifestyle
October 4th, 2024
Pet inheritance is no longer just a quirky idea for the ultra-wealthy but a growing trend, as more people look to secure their animals’ futures.
Animals themselves cannot legally inherit money, but pet trusts are becoming a popular method for ensuring the care and maintenance of pets after their owners pass away. Across the U.S., all 50 states now recognize some form of a pet trust, highlighting a shift in how legal systems accommodate animals’ well-being.
As more people recognize the need to provide for their pets in their estate planning, pet trusts are becoming a standard part of ensuring animals’ care after their owners pass away.
