It depends. Most family animals are not worth any liquidation value so the trustee has no interest in Rover. However, let’s say that Rover is an AKC blue blood hound that is not only the family pet but is also utilized for breeding purposes and the off spring go for $100 per paw or $400 per pup. Then the trustee might say there is gold in that there pet and want to investigate taking Rover and selling him to a breeder.
Should you panic? NO! 9 times out of 10 the trustee does not want to mess with pets. I have handled everything from St. Bernards to Boa Constrictors and just about every species in between. Tell your attorney about your pet and its alleged worth. Is the animal AKC registered and fixed? If so there is no value to the pet because you cannot show or breed them. Is the animal rare or illegal? Provide details about the animal and what its purpose is in life. Keep in mind just because animal is rare it still may not be worth anything. eBay and the Internet are a great resource for determining values of just about anything.
My philosophy is always to disclose and exempt rather than to pray, sweat and possibly lose the love of Rover.
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