June 19, 2013

Cissy Houston Releases the $20 Million Inheritance to Bobbi Kristina

   

*Bobbi Kristina is nearly home free to play with her $20 million inheritance.

Grandmother Cissy Houston has backed off her stronghold of Whitney Houston’s money and giving the singer’s only child what she wants.

After the singer passed, Cissy and Pat Houston filed legal papers to keep the 18 year old from spending the money irresponsibly and too soon.

The court ruled that she would receive the funds in three different waves: 10 percent when she turns 21 (that’s a nice $2 million), a bit under 20 percent at the age of 25 ($4 million to set up for adulthood), and the remainder after she turns 30 ($16 million).

Sounds reasonable enough.

However, the case has been dismissed since Bobbi and Cissy couldn’t reach an agreement, reports TMZ. But Whitney’s original plans for the payout have gone unchanged.


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Comments

  1. “But Whitney’s original plans for the payout have gone unchanged.” So that means she will get the payment in increments or a lump sum? I’m confused.

  2. HHCassius says:

    Bad money management. This will be a disaster.

  3. babycakes says:

    WOW!!! just try and pry Nick her adopted brother/ fiance/ close friend away from Bobbi K now!!!!! I hope she has pserson who really cares abou her to help supervise with that sum of money.

  4. nightshift says:

    she must have set Cissy straight, the money or “shady-pines”

  5. It’s her money. She can do whatever she wants to do it with it. I have no problem with it at all.

  6. I’m a bit confused….will she get the total lump sum or increments? Hopefully, this girl will get herself together and rid the leeches from her life including some of those shady family members. She is definitely lost and I am convinced she has a drug habit just like her mother Whitney. I wish her well.

  7. Taurusingr says:

    Yo….this was prolly really difficult for CH, but she prolly thinking?…..”sheeeeeit!!, “I” ain’t through living yet”!!!!, and been sangin MJB’s…”No Mo Drama” evva sense!! BK was prolly all up IN her grill every 5 min., buggin the SHYT outta huh! Beleeeeeedat!!

  8. 19 is old enough to do whatever you want with YOUR money…..she is the only child and it all belongs to her….get out the way..and let her have HER money…….

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