Karl Lagerfeld, the creative director for Chanel and Fendi with the extravagant personality, passed away this week at the age of 85. According to many sources, Lagerfeld left a portion of his estate, worth an estimated $200 million, to his beloved Choupette, a seven-year-old red point Birman cat. Lagerfeld once said of her, “There is no marriage, yet, for human beings and animals . . . I never thought I would fall in love like this with a cat.” Choupette, already a millionaire in her own right from appearing in Lagerfeld advertising, with a combined following of 200,000 on her Twitter and Instagram accounts, allegedly has expensive tastes. Her book, Choupette: The Private Life of a High-Flying Fashion Cat, details one of her favorite meals (obviously served on silver dishes), a mixture of king crab, smoked salmon, and caviar.
Fear not, Lagerfeld was not the first, and Choupette is not the wealthiest pet after losing her human owner. In 2007, billionaire real estate tycoon Leona Helmsley left $12 million to her Maltese, Trouble. But in 1991, German countess Karlotta Liebenstein left her German Shepherd, Gunther III, approximately $80 million. Thanks to the wise investments of caretakers, Gunther’s estate is now estimated to be in excess of $400 million.
Our recent blog post addressed including pets in your will and the possibility of creating trusts on their behalf. Your estate doesn’t have to be worth millions of dollars for you to be concerned about providing for the care of your pet(s) after you pass away. Ensuring all of your loved ones’ needs are met, including those with paws and fur, may be something you want to do!