Pawsome Wills
After Ratan Tata bequeathed a huge sum of money for the care of his pet dog Tito in his Will, several Indian pet parents are jumping onto the bandwagon and exploring similar possibilities
When the late business tycoon cum philanthropist Ratan Tata (86) left a huge sum of money for the “unlimited care” of his pet dog Tito in his Will, it became a subject of household conversations and international headlines. Leaving assets for pet care in the Will is a common practice in the US and some European countries. But the trend is picking up in India too. Actor-businesswoman Kylie Jenner has left a staggering £14 million of her £900 million fortune to her seven pets. TV personality Simon Cowell has bequeathed £20 million of his BIG fortune to his dogs, not his sons! Rumours are rife that fashion giant Karl Lagerfeld left a whopping £150 million fortune to his beloved cat, Choupette. An Indian businessman’s son, an animal lover, too, has huge sums of money kept aside for the welfare of his furry friends.
Dog Willingly
Many pet parents don’t consider their pets as ‘animals’ but “family members.” But do pets qualify as beings to inherit or be a part of a Will in India? Advocate Kritika Oberoi draws a fine line of distinction between a Will and a Trust. She explains that a Will serves as a legal declaration in which the Testator (person making the Will) pens down his desire to leave his property to the desired persons so mentioned. The same under a Trust would mean repose confidence in another person (the Trustee) to take care of the beneficiaries named in the Trust. So, do pets qualify as beneficiaries?
This is a common practice in the USA, India is still back in the race there. However, given the love people have for their furry babies today, she believes it isn’t far when India too has some clear rules in place for pets to inherit directly.
Growing Love Culture
Dhiraj Tejwani, CEO, the Youth Organisation in Defence of Animals (YODA) speaks of how Indian society has two extremes. Some make advance plans for their pets post their demise, while others do not have an iota of empathy. “I think it all comes down to how we’re raised and our values. Some people treat animals as family members while for others, empathy towards animals just doesn’t come naturally.” He feels that compassion towards animals needs to be instilled early on in life.
Pet Parents Speak
Pet parents in India seem to be hopeful that they could avail some legal provisions to secure the future of their pets after their demise. Maria Valentina, a pet parent from Mumbai says, “I certainly plan on having my cats taken care of once I am not here. I believe that’s the least I can do for them.” Advocate Kritika shares that having a ‘pet care provision’ in any Will is not legally mandatory, but highly recommended today. She explains that these provisions could range from anything like ensuring the well-being of pets to allocating funds in terms of their maintenance.
— Advocate Kritika Oberoi, Delhi High Court