Karl Lagerfeld's (now very wealthy) cat
- AuthorKatie Hayden
Following Karl Lagerfeld’s death, his cat Choupette is reportedly set to inherit a chunk of the fashion designer’s £150 million fortune.
Chanel icon Lagerfeld’s multi million pound fortune could end up in the feline’s paws, if an arrangement whereby Choupette was nominated as his ‘heir’ had been put in place under German Law.
As a nation of animal lovers, it is becoming increasingly common for people to want to make provision for pets in their wills. There are, however, certain rules and regulations in place in the UK with regards to how this works. Under UK law, pets are treated as ‘possessions’ meaning that it is not possible to leave your estate to your pet. It is, however, possible to leave money to the people or charity who you wish to nominate to look after your pet, or you can set up a trust.
Making sure that your pet will have a happy home after your death is one of the many things to consider when making a will. If you would like to discuss how you can provide for your pet in your will, please contact one of our specialists in the wills, trusts and probate team. I am based in our Chelmsford office and can be contacted on 01245 453837 or firstname.lastname@example.org.