Newest Fat Cat Has $10 Million Dollar Fortune
According to the British newspaper, The Guardian, www.Guardian.co.uk, Tommaso, a four-year-old, may very well now be the world's richest cat.
The one-time stray from Rome, was left over $10 million dollars from his owner with the proviso to her attorneys that they find an animal welfare body or association to which to leave the inheritance and the task of looking after the cat.
Under Italian law, animals cannot inherit directly money or assets. But they can be beneficiaries if a suitable trustee is found.
I do not think that there will be any scarcity of volunteers to be the trustee.
Money To Care For My Pet After I Am Not Around
I recently received this question from a reader:
I want to devise a form of whole life insurance for companion animals, whereby their caretakers pay a reasonable monthly premium and/or flat sum upon their death, in exchange for a lifelong home for their pet(s). Can you help?
I am not aware of any current program that specifically provides for this. However, many caretakers do buy a separate life insurance policy on themselves that is then payable to the pet trust upon their death, for the benefit of their animal
