Leona and pet trusts
New York hotelier Leona Helmsley no longer may be considered the "Queen of Mean'' now that she's bequeathed $12 million for the care of her dog Trouble. (Don't tell that to the two grandchildren she reportedly left out of her will.) But you've got to wonder whether $100,000 or so would be enough for her beloved pet. Think about how many shelters can be sustained with the remaining $11.9 million.
News of the bequest has served another good purpose: discussion of pet trusts. People do consider their animals as part of their family. So why not plan for their care after their death? New Jersey is one of 39 states that allows such gifts. It's something else to ask your trusts and estates lawyer about.
News of the bequest has served another good purpose: discussion of pet trusts. People do consider their animals as part of their family. So why not plan for their care after their death? New Jersey is one of 39 states that allows such gifts. It's something else to ask your trusts and estates lawyer about.
posted by Larry Benjamin at 5:10 PM
4 Comments:
It's nice for someone to prepare some arrangements for their pet, but Leona has taken it to a ridiculous level. That dog is older. I don't care if it was spoon-fed every day (something I heard); it'll learn to eat kibble and be happy with a new owner that treats it well. It's a dog. 12 million is exorbitant for a human, let alone a dog. Disgusting.
She reminds me of your former publisher. Treated dogs better than people.
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