
Unfortunately virtually all Cavaliers will develop a heart murmur eventually -the official figures are something like 50 % of all will have it by the age of 5, and another 48 % by the age of 10. This is why it is so essential to make sure the parents and grandparents of any litter are tested regularly, and only dogs that develop it as late as posisble in life are bred from.
There is treatment, heart medication daily once the dog is affacted enough to feel unwell. I have a cavalier aged 10, almost 11, that has been on heart medication for almost 4 years now. 3 years ago my vet said he would not live until Christmas, but here we are, facing the third Christmas since then. :)
Others stay healthy with a more minor murmur, without medication, and live to 14 even. Those from untested parents may die already aged 5 or 6, so you see just how important it is with regular testing of the breeding animals.
Also like Moonmaiden says there is the added problem of Syringohydromelia.
A DNA test is being developed that hopefully in a few years time will test for both.