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Mock pet trusts if you must. The fact that real estate magnate Leona Helmsley left $12 million to a pet dog named Trouble but nothing to two of her grandchildren certainly left some with the view that pet trusts are silly, and maybe even mean-spirited.1 But nice people have pet trusts too. Possible evidence for which I cannot vouch: Woman's Day has reported that beloved talk show host Oprah Winfrey

M. Katherine Davidson

November 1, 2008

18 Min Read
Wealth Management logo in a gray background | Wealth Management

M. Katharine Davidson

Mock pet trusts if you must. The fact that real estate magnate Leona Helmsley left $12 million to a pet dog named Trouble but nothing to two of her grandchildren certainly left some with the view that pet trusts are silly, and maybe even mean-spirited.1

But nice people have pet trusts too. Possible evidence for which I cannot vouch: Woman's Day has reported that beloved talk show host Oprah Winfrey will leave $30 million for the benefit of her pets, including five dogs plus various other animals.2

Indeed, pet trusts can be a serious matter. Some of your clients may want to have one. And you shouldn't be surprised.

First, there are a lot of pets out there. According to The American Pet Products Association's 2007-2008 Na...

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