Ashlea Ebeling

speaker

2,002 appearances 38 recordings 1 series first heard Jul 2022 last heard Feb 2025

Ashlea Ebeling’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Putting a Pet in Your Will Isn’t Just for the Super Wealthy · 19 Aug 2024 podcast

You have to look at the life expectancy of your pet and how you really want it treated. matched

You can't leave money directly to your pet, but you can assign a caretaker and then you would leave that person money. matched

We'll talk to Wall Street Journal personal finance reporter Ashley Ebling about it after the break. matched

So it used to be just for the super wealthy with horses and maybe long-lived pets like parrots. matched

But now that pets are really a member of the family for most families, they're making their way into wills. matched

It's mostly cats and dogs just because most people have cats and dogs. matched

But it's really everything, fish, birds, rodents, and online businesses. matched

Will, a state planning service, Trust and Will, looked at pets their members were providing for, and there was even a Mexican red-legged tarantula. matched

So that's the technical legalese you need to know. matched

You can't leave money directly to your pet. matched

But you can assign a caretaker, and then you would leave that person money. matched

Some people... matched

It could be up to $100,000 for some people, $1,000 per pet per year. matched

You have to look at the life expectancy of your pet and how you really want it treated. matched

And then one woman I talked to, she gave extra because she realized she didn't want it to be a burden on the caretakers. matched

How much extra did she leave? matched

Well, she did something called a pet trust. matched

So not just a little extra. matched

She left $120,000 for her cat's care. matched

But she had 12 cats when she created the pet trust, and she now has six. matched

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