When you have extraordinary means, you can do extraordinary things, and sometimes you hear about the lifestyles of the rich and famous and find some of their actions to be a bit excessive. There are a couple of high-profile female celebrities here in the United States who are certainly going the extra mile to provide for their pets in their estate plans.
Betty White is an actress who is somewhat of an enigma. She is 90 years old, but advancing age seems to have done nothing to slow down her career. Ms. White is a very passionate animal lover, and she has a golden retriever named Pontiac. Reports indicate that she has placed $5 million into a pet trust that is earmarked for Pontiac’s care after White passes away.
One of the wealthiest performers out there is Oprah Winfrey, and she too is a big dog lover who owns several canines. The pet trust that she created for their benefit is said to be funded with $30 million, so these pooches will continue to live charmed lives even if they outlive their owner.
While most of us may think that it doesn’t take this kind of money to provide for our pets, you do have to remember your fine furry friends when you are planning your estate. Pet trusts are a very viable option, even if you have no intentions of making your dog a millionaire. To learn more about pet trusts, simply take a moment to arrange for a consultation with a qualified and experienced Campbell CA estate planning lawyer.
- Generational Wealth is Key to Leveling the Playing Field - November 24, 2020
- Fair Isn’t Always Equal and Vice Versa - November 19, 2020
- Staying Current is Especially Important in the Pandemic - October 28, 2020
