Doing It Right: What We Can Learn from Diane Keaton’s Pet Trust
When actress Diane Keaton passed away last month at age 79, fans around the world celebrated her life, her films, and her trademark charm. Known for her wit, her love of vintage hats, and her Golden Retriever, Reggie. Keaton left behind not just a remarkable legacy but an important reminder about planning — even for our pets.
Following her death, rumors began circulating that Keaton had left $5 million for Reggie’s care, with additional funds going to animal charities. While the exact details of her will have not been made public yet, the idea that she may have created a pet trust caught everyone’s attention.
Many people were surprised by the news, but for estate planning professionals, pet trusts are not a Hollywood extravagance. They are a practical tool that ensures your beloved animals continue to receive the care they deserve after you are gone.
What Is a Pet Trust?
A pet trust is a legal arrangement that allows you to set aside money for the care of your pets after your death. Because pets are considered property under the law, they cannot directly inherit assets. Instead, a trustee is appointed to manage the funds and ensure they are used according to your wishes.
A well-written pet trust names your pets, identifies a caretaker, and provides clear instructions about their ongoing care. This might include everyday expenses like food, grooming, and veterinary bills, as well as special considerations such as preferred living arrangements or medical treatments.
It can even specify what should happen to any leftover funds once the pet has passed, whether that means donating to a favorite animal charity or passing the remainder to another beneficiary.
Why It Matters
Without a plan, even the most devoted pet owners leave behind uncertainty. After a person dies, pets can become an afterthought or, in some cases, end up in shelters. Family members may disagree about who should take them, or funds meant for their care may never reach the right hands.
A pet trust removes that uncertainty. It creates a legally enforceable commitment to your animals’ well-being. Whether you leave $5,000 or $5 million, it ensures your intentions are honored.
Celebrities like Leona Helmsley, Karl Lagerfeld, and now Diane Keaton have shown the world that pet trusts are not about extravagance. They are about love, responsibility, and doing things the right way.
Planning for Every Family Member
Your pets are part of your family, and they deserve protection, too. Creating a pet trust is not just for the wealthy. It is a thoughtful step that gives your loved ones peace of mind and provides your furry companions with the care they need.
At The Law Offices of Mark F. Moss, we help families protect every part of their legacy, from children and spouses to the four-legged friends who fill our homes with joy.
Call 904-329-7242 or visit MarkMossLaw.com to learn how to include a pet trust in your life plan. Because love, when planned right, never gets left behind.
*Disclaimer: Reading this blog post does not create an attorney-client relationship and is not legal or tax advice. This is for informational purposes only. It is best to speak with an attorney or tax professional about your specific situation, questions, assets, concerns, and needs.