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⚖️ Questions? Issues?👇
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#law #education #mrbeast #police #lawyer #lawbymike #repeatafterme #tiktok #youtubeshorts #cop #cops #lawyers #legal #attorney #lawschool #hacks #legal
DISCLAIMER (Of course, I'd have one 😁)
Hey, you might think that this info makes me your lawyer, but it doesn’t and I’m not. Sorry, but I AM NOT YOUR LAWYER unless we have an engagement agreement. I am just providing public information here, like a library does, and am not providing you with legal advice about your situation. So, it would be totally unreasonable for you to conclude we have an attorney-client relationship just because you're viewing this information.
Category
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AnimalsTranscript
00:00This dog is worth over $1,000,000.
00:02He has a million dollars? But how?
00:05Well, technically, dogs can't own money
00:07because in the eyes of the law, they're considered property,
00:09and property can't own property.
00:11You're telling me I can't leave my fortune to Elon Muzzle?
00:14You can if you set up a pet trust.
00:16A pet what?
00:17A pet trust.
00:18It's a legal arrangement where an owner
00:19sets aside money for their pet's care.
00:21It designates a caretaker, outlines instructions,
00:24and makes sure the funds are only used for the pet.
00:26Perfect, because I want my dog eating steak
00:28and living in a penthouse when I'm gone.
00:30That's basically what happened to Trouble,
00:32a Maltese owned by Leona Helmsley,
00:34a billionaire hotel mogul.
00:35When she passed away,
00:36Trouble was left with a $2,000,000 trust fund.
00:39$2,000,000?
00:40Trouble lived large, with expenses like $100,000 a year
00:44for security, $8,000 for grooming, $1,200 for food,
00:47and a $60,000 annual salary for its caretaker.
00:51But being a millionaire dog can be dangerous,
00:53as Trouble received nearly 30 death and kidnapping threats,
00:56all because people were mad a dog was richer than them.
00:58What happened to Trouble?
00:59Unfortunately, Trouble passed away in 2007.
01:02So what happened to the money then?
01:04Since dogs can't have heirs,
01:05the leftover money went to charity.