Eli5: What happens to the inheritance left to pets after said pet dies?

Question

So you hear stories about people leaving millions to their pets, when the pet dies, who or where does the money go to?

In: 45

Answer 1

You set up a trust for the pets and include what will happen to the trust when all pets have passed away.

We have that set up for our pets. Once they are gone, the remainder goes to 501c3 rescue organizations.