Friday, November 14, 2008
Heir and heiress
Mother-in-law, in tying up father-in-law's estate matters, has instructed their family lawyer to give $500 each to Queeni and Rupert from the estate. It's not exactly a bequest but a gift.
So the lawyer calls L and demands to know: "Do you have two children that I'm not aware of?"
"Err, yes, I have two kids."
"What are their names? Can you spell it out?"
"Queeni. And Rupert."
Lawyer was obviously writing everything down.
"Boy or girl?"
"Queeni's the girl, Rupert's the boy."
"She's seven, he's two."
"Can I have their IC?"
"Err, you can have their licences."
And now, hot shot lawyer -- who has an ongoing trial at High Court -- is completely stumped and needs to consult his partners on how to give money to dogs.
Under Singapore law, pets are not considered entities (like corporations are, although I know more animals with heart than some corporations). Instead, pets are considered possessions and you cannot give or bequeath money to chattel. If you want to do something like that, you're usually advised to start a trust fund and name an executor, that sort of thing. I don't think we're going into all that for $500.
Still, that's probably a lot in dog money. Or bones. Or chewies.
My furkids are gazillionaires.