Lifestyles of the Rich, Famous and Furry

The video discusses the growing trend among wealthy pet owners to ensure their pets are cared for after their death, often through trusts. It highlights cases like Leona Helmsley's Maltese, Trouble, and the German Shepherd, Gunther, who inherited large sums. The video explores the legal and ethical considerations of leaving significant wealth to pets, emphasizing the importance of structuring trusts with separate trustees and custodians to prevent misuse. It also touches on legal protections and the need for checks and balances in managing pet trusts.

Discuss the ethical considerations of leaving a significant amount of money to a pet.

How do laws in different states address the issue of leaving large sums of money to pets?

What was Mr. Lagerfeld's wish regarding his cat, Choupette, after his death?