February 2019 Archives

Karl Lagerfeld likely included his cat in his estate plan

On behalf of Perry & Shields, LLP posted in estate planning on Monday, February 25, 2019.

Many people here in Texas consider pets to be like members of their family. These animals bring joy and love to their owners' lives, and many owners want their faithful companions to be well-cared for, even after the owner has passed on. Despite the sentimental attachment many people feel to their pets, legally the animals are considered property in divorce proceedings. The recent death of fashion mogul Karl Lagerfeld serves as an excellent example of why provisions need to be made for pets in an estate plan.

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