Frank Sprude - Attorney & Counselor

The amount of money you set aside to care for your pet is dependent on two factors: the size of your estate and the amount of money that is necessary to actually take care of your pet.  Even if you have a very large estate, you should not set aside much more money than will probably be required to provide for your pet during its lifetime.

You should base the amount you provide for your pet's care based on your knowledge of the costs required for the care of your pet.  For example, food, veterinary care, medicine, licenses, and treats.  After careful consideration of these costs, factor in a reasonably long life expectancy and you will have a  good idea of how much money you should provide for your pet in case of your death or incapicitation.