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July 2, 2008

You don’t have to be Leona Helmsley to provide for a pet

News reports that the late real-estate heiress Leona Helmsley left a fortune estimated at $5 billion to $8 billion for the care of dogs—in addition to the $12 million the hotel queen bequeathed to her own dog, Trouble—have started tongues (not to mention tails) wagging. 

They're also likely to raise awareness among less well-heeled pet lovers about the need to make sure our dogs and cats, parrots and ferrets will be well taken care of if they happen to outlive us.

The Consumer Reports Money Adviser newsletter explained how to do that not long ago in this article on pet trusts, wills, and other legal alternatives.

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