29 July 2011

£26 Billion Left to Pets by Brits

Research has shown that a growing number of Brits are leaving a proportion of their inheritance to their pets.

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New research has found that almost 40% of the British population will leave money to a pet in their family.**

More than half will also keep their decision a secret from the rest of the family.

The secret stash of totals a cool £26 billion collectively across the UK. Research by MORE TH>N found that 21% of pet owners will leave their pet the family home.

Shockingly, over a third of people leave the animals over £10,000 in their will and a further 37% of pet owners admit that they intend to leave more money to the fluffy mammals than close relatives or friends.

Those who have included their pet in their will seem to have done it to stop the animal from winding up in a refuse centre.

70% of animal lovers made arrangements with family, friends and neighbours for the pet to live with them. Almost 20% of people intend to make provisions in their will for a full time pet sitter.

"Pet owners are naturally concerned about the long term care of their pets and many are taking the necessary steps to make sure they are provided for in their wills,” said John Ellenger, Head of MORE TH>N Pet Insurance.

"If you are considering putting your pet into your will it is advisable to seek legal advice to ensure that your wishes are carried out and that a potential caretaker is nominated to look after the welfare of your pet.”

It's not just money that pets receive, a quarter of pets will inherit a range of sentimental personal items including arm chairs, clothing and even the ashes of their owner.

If you are concerned about the welfare of your pet it is advisable to get adequate pet insurance to cover any nasty surprises.