We’ve talked a lot about Celeb’s buying and selling, getting in financial trouble but what happens to celebrities when they don’t have their estates in order when an untimely and unfortunate ending happens?
Take Don Ho, the tiny little bubbles Hawaiian Singer made a promise to his first estranged wife on her deathbed that their six children can continue to live in the Lanikai Hawian home.
Unfortunately this was a verbal agreement and after the passing he listed the home for 10 million. While the home was listed Ho died of Heart Failure. The trustees eventually sold the home for 6.05 million which did not boad well for his ten children ( four from other subsequent relationships) who were now at odds over the proceeds. And allegadly about a month ago the 6 adult children were forcibly removed from the Diamond Head Estate. The argument could have been avoided if the agreement was in writing.
Don Ho had several different ex’s and children and so did Famed rebel actor, Dennis Hopper. Dennis was locked in an ugly divorce fight with his fifth wife, Victoria. During the crazy divorce he asked the judge for permission to change his life insurance policy to remove his wife and their young daughter as beneficiaries. His request was denied and the judge said that the issue would have to wait for trial. But Hopper died first, and the life insurance was never changed. As you have just heard Celebirites are just as vulnerable and sometimes not ready for an untimly event . So, now is a good time to ask yourself if your ready with the proper agreements in place, in writing, reviewed yearly and have a will!
And that’s your celebrity real estate gossip on the radio real estate show.
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