image.png
Total hours reading: 00 hours 00 minutes 00 seconds

Select a word and right click to learn it.

The 5 Richest Dogs In The World
- By Sheryl

Have you thought about leaving some money to your dog when you're gone? What about a staff to make sure their every need is carried out - from home cooked food? There are companies that helps people create a plan for your dog after you are gone. Here is a list of the richest dogs in the world, thanks to their owners who left them (almost) everything.

1. Carlotta Liebenstein

When she died she did not know that when she left her German Shepherd, Gunther III, $80 million, he would play it smart and invest it, turning into a $372 million. In 2000, his son, Gunther IV, bought Madonna's Miami mansion for $7.5 million

2. Oprah Winfrey

Winfrey has set up a $30 million dollar trust for her 5 spoiled dogs: Luke and Layla (Golden Retrievers), Sadie (Cocker Spaniel), and Sunny and Lauren (Springer Spaniels).

3. Gail Posner

She left not only her mansion and a gold car to her three dogs Conchita (Chihuahua), Lucia (Yorkshire Terrier), and April Marie (Maltese), but $3 million in cash (totaling $11 million in assets). In addition, the staff was allowed to stay on in the mansion rent-free and were giving $27 million to continue to care for them. The dogs get a weekly ride in the car for spa treatments. Her son was given only $1 million.

4. Leona Helmsley

A real estate businesswoman, Helmsely left $12 million to her Maltese dog called Trouble, while her two grandchildren were deliberately left out of the will. Alas, a judge ruled Trouble only needed $2 million and $6 million went to the grandchildren and the rest to charity.

5. Majel Barrett-Roddenberry

Gene Roddenberry's wife set up a $4 million dollar trust for their numerous dogs, as well as an additional $1 for an employee to care for them

So How Do YOU Include Your Dog in Your Will?

While it is estimated that only 40% of the population even creates a will, the American Pet Products Association says 9% of those people provide something for their pets.

Here are some tips if you think you want to leave your dog something to live on should you depart before him.

A Trust is the best way to go.

You can't leave money to pet because they are viewed as property. But if you park the money in a trust with orders that it must be used to care for the dog(s), then the trustee has to make sure the new owners are using the money for the doggie.

Family Problems.

Yes, your family can contest the will you make. This happened to Leona Helmsely and a judge ended up splitting up the money between her dog Trouble and two grandchildren. This is why you want to have a clear idea of who'll be taking care of your dog if you can't. The new owners have to be willing and able to welcome your dog into their home and take on the possible financial burden if the money you leave behind isn't enough. In exchange, they'll get lots of cuddles and kisses, so it all evens out in the end.

Playing It Somewhat Safe.

If it's someone you genuinely know will do what's right for your dog, then make arrangements with them before you die, name that person in your Will as the pet guardian and allocate a percentage of your estate (money you're leaving behind) for your dog's care. If you don't have an obvious choice, then the Trust can be used to ensure your dog's safety and comfort. If you don't have anyone, you can find an animal sanctuary and name them as the guardian and trustee so your doggie can live out his or her days in a great environment.

 

Attribution

This article and image was adapted from \"The Top 5 Richest Dogs in the World\" from the webpage https://iheartdogs.com/the-5-richest-dogs-in-the-world/