The executors of Whitney Houston’s estate have reached an agreement with her daughter Bobbi Kristina Brown over payments.
While members of the trust – including Whitney’s mother Cissy and sister-in-law Pat Houston – launched a legal bid to stop the original payment schedule over fears those close to her could take advantage, all parties have now come to an agreement which is similar to the original plan, according to TMZ.
Bobbi Kristina Brown is set to receive her money in three segments, 10% when she turns 21, almost 20% at age 25 and the remainder when she turns 30.
Bobbi Kristina Brown, 19, is the sole beneficiary of Whitney Houston’s estate.
Bobbi Kristina Brown is set to receive her money from Whitney Houston in three segments
Whitney Houston’s will has been made public and it has revealed that the late superstar has left everything in her possession to her daughter Bobbi Kristina Brown.
All of Whitney Houston money, as well as her personal effects, has been willed to Bobbi Kristina Brown.
According to a court document, which was obtained by Inside Edition, Whitney Houston, who died on February 11 aged 48, first set up the will in 1993.
The singer then amended it in 2000, while she was still married to Bobby Brown.
Bobby Brown will not receive anything, although he is mentioned in the document itself.
Allegedly, money left by Whitney Houston to Bobbi Kristina will be put into a trust which the teenager will be given access to when she turns 21.
At that time, in 2014, Bobbi Kristina Brown will receive a portion of the inheritance, before being given another chunk at the age of 25.
Bobbi Kristina will receive the rest of her inheritance in a final installment on her 30th birthday.
All of Whitney Houston money, as well as her personal effects, has been willed to Bobbi Kristina Brown
According to BANG Showbiz, Whitney Houston’s mother Patricia “Cissy” Houston is the executor of the will and her brother, Gary, and sister-in-law, Pat, are trustees.
Whitney Houston and Bobby Brown were married for 14 years, but they signed a prenuptial agreement before they tied the knot in 1992, which banned Bobby from accessing her will.
The prenuptial agreement stated: “Houston shall have the right to dispose of her Separate Property by Last Will and Testament in such manner as she may, in her own uncontrolled discretion deem proper.
“All future earnings, income, and accumulations resulting from each of the party’s respective personal activities, skills, efforts and work (including but not limited to each party’s respective earnings, income and accumulations derived from recording contracts, movie contracts, other media contracts, concert tours, endorsements, personal appearances….shall remain separate.”
It has emerged that Bobbi Kristina Brown will inherit everything from her mother’s will – but her family are hoping she doesn’t inherit Whitney Houston’s fame.
Whitney Houston’s family reportedly wants Bobbi Kristina out of the “limelight”.
A source told People magazine: “There is still no resolution and there has been nothing concrete on the cause of death, and they were hoping for that.
“There were members of the family who weren’t keen on [the interview] going down at this time.
“There are people who just want her to stay out of the limelight for a while. This is a little girl who just needs some time.”