Archive for the ‘Financial’ Category

Pet Health Savings Plan

Monday, October 19th, 2009

PetHealthSavingsMoney is tight for everyone these days!  Paying your every day bills is hard enough, so what happens when your pet needs emergency care?  A new idea just might keep your pet, and your wallet, from suffering!

Historically, veterinary medicine has always been a bargain for pet owners.  Unfortunately, when a serious illness strikes or the pet is injured, pet owners are often shocked by the estimates and invoices they receive.  Furthermore, when the estimate exceeds the amount in their checking account, some owners feel trapped between a decision to fix the pet and hurt their savings, or lose their pet forever.

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Do Pets Get Rich When Their Humans Die?

Tuesday, July 7th, 2009

As a reward for being our constant companions, in sickness and heath, many pets are now included in their owner’s wills. Celebrities like Oprah Winfrey and Betty White, along with millions of other pet owners, plan to leave money for their pets. But, without proper planning, the courts could take that money away!

Strange requests in wills are nothing new. People have asked for their ashes to be spread in space or for their bodies to be displayed in a theater. Recently, billionaire Leona Helmsley made news after her death by bequeathing $12 million dollars for the care and upkeep of her dog, Trouble. Opinions varied from outrage to amusement and a legal battle was narrowly averted when a New York court reduced that amount to a mere $2 million.

It is only natural for pet owners to be concerned about the well-being of their four-legged companions, especially if the owner happens to die first. But the unfortunate truth is that many pet owners attempt to leave an inheritance to their pets instead of money for their pets. This error could lead to your request not being met by the probate court.

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