Wednesday, March 7, 2012

- Whitney Houston's Will Released, Bobbi Kristina Brown Inherits Everything - [Updated]


Vid update:

Whitney Houston's will was read today in Atlanta.

Via Huffington Post:
Whitney Houston left everything to her 19-year-old daughter, Bobbi Kristina.

The pop superstar's will doesn't mention specific assets, but leaves all of her furnishings, clothing, personal effects, jewelry and cars to her surviving children. Bobbi Kristina was her only child.

Inside Edition first reported the will, filed in Atlanta, on Wednesday.

Houston's money will be put in a trust. Bobbi Kristina will get part of it upon turning 21, more of the money at age 25 and the balance at age 30. Houston's trustees can give her money from the trust for various purposes, including tuition, to buy a home and to start a business.

The will was signed on Feb. 3, 1993, about a month before Houston gave birth to her daughter. The 48-year-old died Feb. 11 in California.

Via THR:

The will was first drafted in 1993 and amended in April 2000, while Houston was still married to Bobby Brown. Though her ex-husband is mentioned in the will, he receives nothing. Had Bobbi Kristina failed to outlive her mother, Houston’s assets would have been divided between Brown, her mother and her two brothers.

Houston’s mother, Cissy, was named executor of the will, with her brother Michael and sister-in-law Donna named trustees.

No comments: