Helping you protect the future of your horse
The thought of what might happen to your horse should they outlive you can be very distressing. Therefore, it’s important to prepare a specific provision in your Will for a horse that you own.
Legally, a horse is personal property. The Will must specifically detail what will happen to the horse or it will become part of the main estate and who inherits it is out of your hands.
Additionally, if none of the beneficiaries want the horse the executors have to decide whether to sell it or give it to a horse charity or rescue centre.
Important things to consider:
- If you have a Will, it’s important to keep it up to date. It may not include your wishes regarding the future of your horse or your wishes may change.
- It is very important to have a Will if you have a horse. A horse is a beloved animal who becomes part of the family. Having a Will ensures the protection of your horse.
- Choosing what will happen to your horse is an important decision. It needs to be made carefully and appropriately.
How we can help you
How do I decide what to do with my horse in my will?
We can help you draft your Will to include certain provisions for your horse. You should consider who the horse should pass to ensuring you pick the right person. For example, they need to be willing to take care of it and have the finances and time to do so. It’s advisable to discuss this wish with the chosen beneficiary in advance. You will, therefore, feel secure in that the horse will have protection and love.
What are the ways a provision for your horse can be made in a Will?
You could create an absolute legacy to a named beneficiary. This is a gift of the animal and a cash sum to a chosen beneficiary. However, you could also create a legacy to your executors together with a side letter of wishes which is similar to an absolute legacy. This also includes details of how the executor should deal with the horse and the money. Finally, you may wish to leave your horse to an animal welfare charity if you don’t know anyone who can take care of it. You may leave a cash sum to the charity and request that they find a suitable home for the horse.