Karl Lagerfeld, the famous fashion icon who died last week
at the age 85, is believed to have taken extensive measures to provide for his
pet cat Choupette after his death. Mr.
Lagerfeld, who also employed two private maids for Choupette, told the Numero
fashion magazine last year that his cat was to inherit some of his fortune
after his passing. One way that Mr.
Lagerfeld could have provided for his cat is through a pet trust.
Pet trusts are valid in Florida. Florida Statute §736.0408
states that a trust may be created to provide for the care of an animal alive
during the settlor’s lifetime. This
trust terminates upon the death of the animal.
Interested in learning more about pet trusts? Contact the experienced
attorneys of Morris Law Group.
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