Ariana (Mariana) Aspuru
speaker
30 appearances
1 recordings
1 series
first heard Aug 2024
last heard Aug 2024
Ariana (Mariana) Aspuru’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Putting a Pet in Your Will Isn’t Just for the Super Wealthy · 19 Aug 2024
podcast
Here's your money briefing for Monday, August 19th.
I'm Arianna Espuru for The Wall Street Journal, filling in for J.R.
Whelan.
It's the first face you see when you get home, right when you walk through the door.
your pet maybe you've got one or five and they're your best friend basically part of the family right but like any other family member do your pets have a spot in your will it's not just for the super wealthy more and more people are adding pets to their estate plans some people
Setting aside some money in your will for your pet is becoming more common.
So how does it work?
Wall Street Journal personal finance reporter Ashleya Ebling joins me.
Ashleya, I grew up having multiple pets in the home, usually a big dog, a small dog, maybe a parrot.
But I've never considered what would happen to them when I'm no longer around, let alone including them in my will.
Why are people doing this?
How are people going about this?
Can you leave money for your pets?
And how do people gauge the amount of money to leave for their pet?
And even if you do assign someone to take care of your pet after you're gone, are they legally obligated to do it?
Are people normally talking to their friends or family about this before they put it in their will?
More clients are coming to their estate lawyers and saying, I want to make sure that my 13-year-old cat is taken care of when I'm gone.
Exactly.
And there are pets that can live pretty long.
Parrots and tortoises can sometimes live well into their 50s.
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