Report By: Nina Rai
Atlanta, 08 March, 2012
After pop star Whitney Houston tragic demise in February 11, 2012; there has been endless speculation as to who will benefit from her vast estate and wealth. Well, now that has been laid to rest as the late singer’s will has just been released. It has been revealed that the late singer has bequeathed everything in her possession (100%) to her daughter Bobbi Kristina.
Whitney left her money, her personal effects as also her estate valued at around $20 million in her will to her 19-year-old daughter. While the late singer does not enlist specific assets in the will but she leaves in Toto her furnishings, clothing, personal effects, jewelry and cars to her only surviving child that is Bobbi.
Inside Edition magazine has managed to get hold of the court document and the details therein. According to them, the 48-year-old superstar first signed the will way back in 1993, which is a month before she gave birth to Bobbi Kristina.
However, due to reasons best known to her, while she was still married to ex husband, she modified the will in the year 2000. Now, as per this amended will, while the R&B singer is mentioned in the document itself, he has been left high and dry without anything bequeathed to him.
Reportedly the money left by Whitney to Bobby Kristina has been entrusted to a trust. This money Bobbi can only access in stages. The first portion of her inheritance, she will only receive when she turns 21 years old i.e in the year 2014. Another chunk she will receive when she turns 25. The rest of her inheritance she will receive as a final installment when she turns 30.
The will it is understood was just filed today in Atlanta. Meanwhile BANG Showbiz reports that the executor of the will is Whitney’s mother Patricia “Cissy” Houston. Her brother and sister-in-law are named as trustees.
Source: TMZ/Inside Edition
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