Want to broach the controversial subject of estate planning over Thanksgiving dinner this week? Try using a celebrity anecdote to get family members more comfortable talking about hard decisions.
Some good ones to use:
- Whitney Houston has been locked in a vicious court battle with her stepmother over a $1 million life insurance policy left by Whitney’s father. The policy named Whitney as the sole beneficiary, but stepmother Barbara says the benefit was only intended to repay Whitney some money she had loaned her father for his house. The remainder, Barbara says, was meant to be given to her. A federal court in New Jersey ruled in favor of Whitney, but Barbara has appealed, and the trial is ongoing. The lesson? Make sure beneficiary designations are done properly.