Bobbi Kristina Brown and Whitney Houston's Will - How Much Money Will Bobbi Get?
How much money and treasure did Whitney Houston have left to leave for her daughter Bobbi Kristina Brown in her last will and testament?
Houston has left everything in her will to her daughter, Bobbi Kristina, but reports before her death claimed Whitney was "broke as a joke" and facing certain financial hardship.
However, TMZ is reporting the number of Whitney's remaining fortune at a healthy $20 million for Bobbi Kristina, who only turned 19 years old last weekend.
Whitney – who was found lifeless in a bathtub in her Beverly Hilton Hotel suite on February 11 – has willed her entire estate, including all of her money, cars, furniture and other personal effects, to her 19-year-old daughter.
According to a 19-page court document obtained by Inside Edition, the will was first set up in 1993, but later amended in 2000 – when she was still married to Bobby Brown – and while the singer is mentioned in the will, he will receive nothing.
How will Bobbi Kristina receive the money?
The money will be placed in a trust until Bobbi Kristina turns 21 in 2014, when she will receive a chunk of her inheritance.
A further portion will then be obtained on her 25th birthday, with the final segment delivered when she hits the age of 30.
The ‘I Will Always Love You’ hitmaker’s mother, Cissy Houston, is executor of the will, while her brother and sister-in-law are named as trustees.
Whitney – whose marriage to Bobby Brown came to an end in 2006 after a turbulent 14 years, which saw the relationship marred by a battery charge and him reportedly introducing the singer to illegal substances – signed a prenuptial agreement in 1992, banning her then-spouse from accessing her will.
It 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."
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