Putting a Pet in Your Will Isn’t Just for the Super Wealthy

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 19 August 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Pets aren’t an afterthought in estate planning anymore. More pet owners are setting aside funds in their wills for their furry friends. Wall Street Journal personal finance reporter Ashlea Ebeling joins host Ariana Aspuru to discuss the rise of the pet directive. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
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0:21.8	or lowercase that Shopify dot coe
0:24.2	ek slash special offer. Here's your money briefing for Monday August 19th. I'm Ariana Spoodoo for the Wall Street Journal,
0:35.5	filling in for J.R. Whelan. It's the first face you see when you get home, right when you walk through the door.
0:45.0	Your pet, maybe you've got one or five and they're your best friend. Basically part of the family, right?
0:59.0	But like any other family member, do your pets have a spot in your will?
1:04.8	It's not just for the super wealthy.
1:07.6	More and more people are adding pets to their estate plans.
1:11.6	Some people could be up to $100,000, for some people $1,000 per pet per year.
1:18.0	You have to look at the life expectancy of your pet and how you really want it treated. You can't leave money directly to your pet, but you can assign a caretaker and then you would leave that person money.
1:31.2	We'll talk to Wall Street Journal Personal Finance reporter Ashley Ebling
1:34.6	about it. I'm back. It'll only be for two weeks. A month? Tops?
1:53.2	Till a roof's fixed.
1:54.2	till we get our deposit.
1:56.2	Where's the remote?
	...

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