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Brits leave £26 billion to pets, survey claims

Brits are including their pets when they make wills and inheritance tax planning decisions, a new survey claims. The poll, which was based solely on people who have or plan to name their pets in their will, suggests that £26 billion could be left to animals. John Ellenger from More Than, which compiled the research, noted: "Pet owners are naturally concerned about the long term care of their pets and many are taking the necessary steps to make sure they are provided for in their wills." He suggested that anyone who does plan to include their pet in their will needs to seek legal advice beforehand. Gifts of money cannot be passed directly to pets in a will as they are considered in law as items of property.
In addition to writing a will, people are advised to think about what would happen if they died suddenly by informing family, friends or neighbours what to do about a pet in case of an emergency. The study comes after another survey from MyVoucherCodes found that just 48 per cent of people aged between 25 and 50 have a will. Posted by Georgina Price
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