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

It’s a trust set up to benefit the pet. I don’t have millions to leave for my cat’s care, but in my will, she is mentioned, together with a designated caretaker and the amount that will be set aside in trust for her care. In case of the cat’s death, the trust is dissolved and the money goes back to the estate.