Wills and provision for your horses

[LadyGascoyne]

I need to revisit this for mine.

My husband has said that if he survives me, he doesn’t want to lose Mim too so I my original plan of sending her back to her breeder with a lump sum and her tag-along friend needs updating. It’s too far away for him.

Ideally, I’d like the to remain in my family’s ownership, paid for by my estate, but be kept somewhere local where they are appreciated for how beautiful they both are, and not required to do anything.

I’m working on it!

 

[Andie02]

This is what we're in the process of setting up. Cats Protection do something similar for cats, too.

While we're on the subject, if you have young kids please please make sure that you have your 'plan B' and your 'plan C' in respect of caring for them is laid out in your will. It's so important.

Yes provision for children is very important. Guardians should be put in place as otherwise any children under the age of 18 can be taken into care until a Court decides what happens to them. Another reason to use a professional who should advise on this. Another point with the appointing of guardians is that it is important to appoint a guardian as 1 of the 2 executor / trustees, a point often not considered by many. You always have to have 2 executors / trustees appointed to deal with the estate if children under 18 are direct beneficiaries. It is also advisable to appoint a reserve as a guardian and trustee. You have to consider all potential scenarios.