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.