Inheritance of Bobbi Kristina settled after executors reach agreement
The executors of Whitney Houston’s estate have already reached an agreement with her only daughter, Bobbi Kristina Brown, over her inheritance.
According to reports, while member of the trust — which includes the late diva’s mother Cissy and sister-in-law Pat Houston — had filed legal papers attempting to stop the original payment schedule of inheritance to Bobbi Kristina over fears those close to the 18-year-old could take advantage, all parties have now come to an agreement which is similar to the original plan.
As it stood, Bobbi Kristina is set to receive her inheritance in three segments — ten percent when she turns 21 ($2 million), almost 20 percent when she turns 25 ($4 million), and the remainder when she turns 30 ($16 million).
The reality TV star — who just got engaged to Nick Gordon — is said to be the sole beneficiary of her Whitney Houston’s estate.
Nick Gordon was informally adopted by the “I Will Always Love You” singer when he was 12 after his father went to prison and his mother was unable to take care of him. He and Bobbi Kristina were raised as brother and sister.
The two lived together as siblings for more than a decade before Whitney’s death in February, with Nick considered to be the superstar’s unofficial adopted son.
However, after Whitney’s sudden demise — having died at the age of 48 due to an accidental drowning complicated by heart disease and cocaine use — the controversial pair grew closer.