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Dogs Inherit $800,000

Saturday, December 29, 2007

Three dogs in Maryland inherited an estate worth $800,000 after their rich owner died. The dogs are in the care of a caretaker.

http://cnews.canoe.ca/CNEWS/WeirdNews/2007/12/29/4744983-ap.html

I know the federal government imposes an inheritance tax, but can they tax dogs, being that dogs are property, not people?

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5 Comments:

  • thats cool lucky dogs but they deserve that and more!!!

    By Anonymous Anonymous, at 1:40 AM, December 30, 2007  

  • Very tricky question indeed! first there is a difference between INHERITANCE tax (State) and ESTATE tax (federal) Estate tax doesn't kick in until the estate is over something like $ 1million.
    Then there is the fact that they aren't your average taxable citizens, and then you have to see about how it was left for them.. A trust fund, cash in the bank, stock options... Good luck to the lawyers involved!

    By Anonymous Anonymous, at 4:35 AM, December 30, 2007  

  • I'm glad to know the dogs got the inheritance, along with such a kind caretaker. I'd rather leave my dogs everything I own than to see anyone else get anything. Unlike people, dogs are loving and faithful.

    By Anonymous Anonymous, at 3:00 PM, December 31, 2007  

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    Dog shows in China — a new, magnificent and vigorous term. To amateurs, it is an unfamiliar, curious and dog–related event. It counts on their interest and opportunity to attend. To all the fans, it is familiar and favorable. If there is no other irresistible force, they will not miss it. To those who live on dog shows, they all want to be a star, but there is only one protagonist. It is not easy to find a word to describe Chinese dog shows though it has developed for almost the last 10 years. Yet we believe that whoever loves “China’s Dog Shows” would have a dog show in their heart. And it is probably not only a contest, but a marshal of humanity, a life stamped with "China Dog Show."

    By Anonymous Birth Records, at 1:08 AM, September 03, 2008  

  • Actually, it is not inheritance. It is a trust, that some states (like New York) recognize for the upkeep of domestic animals. There are only three types of trusts that can be created for non-people. The first is for charities, the second to upkeep your grave, and the third, recognized in some states, is for the upkeep of pets and animals.

    In practicality, many times when an owner dies, his or her pets are not taken care of and find themselves homeless, or at an ASPCA.

    If you truly do care for your pet, it is wise estate planning to provide some sum of money for the animals upkeep in case of your death.

    By Anonymous Anonymous, at 8:18 PM, November 11, 2008  

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