Yesterday the contents of Whitney Houston’s will was revealed, and everything is going to the late singer’s daughter, Bobbi Kristina.
The 19-year-old is the sole beneficiary of Whitney’s estate, which has been placed in a trust. Bobbi will receive three payments, at the ages 21, 25 and 30.
Whitney passed away on February 11 at the age of 48. She set up the will in 1993, a month before Bobbi was born.
While Bobbi Kristina is not named the singer stipulated that ‘any child of mine who survives’ her will receive all furniture, clothing, personal effects. jewellery and cars, as well as the balance of the estate.
As well as staggering access to the trust Whitney also stipulated that her trustees can release funds to Bobbi Kristina depending upon the circumstances and it is up to the trustees to allow to release the funds or not.
Presumably these would include if the teenager wanted to start a business, or pay for college.
It will no doubt come as a relief to the family that even though Whitney’s former husband Bobby Brown is named in the will – he will not receive anything.
According to BANG Showbiz, Whitney’s mother Patricia “Cissy” Houston is the executor of the will and her brother and sister-in-law are trustees.
Whitney and Bobby Brown were marked for 14 years, but Whitney signed a prenuptial agreement before they tied the knot in 1992, which banned Bobby from accessing her will.
The prenup 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.’
While Bobbi Kristina will inherit her mother’s estate her family are hoping she doesn’t inherit Whitney Houston’s fame.
The family of the singer, who passed away last month, reportedly want the 19-year-old 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.’
This is as it should be! Hopefully Bobbi is doing better these days, and will spend the money wisely.