It hasn't even been a month since legendary singer Whitney Houston died on February 11 at the age of 48, and now it has been revealed how her worldly assets will be divvied up after her death.
Houston, who last amended her will on April 14, 2000, left everything to her daughter, Bobbi Kristina Brown, 19, according to Us Weekly. The will excludes Houston's ex-husband Bobby Brown, instead specifying that Bobbi Kristina is to receive the late star's entire estate, as well as her belongings and personal effects, including jewelry, clothing, and automobiles.
The money is to be placed in a trust for the teenager, to be paid out in three installments — when Bobbi Kristina turns 21 in 2014, and again when she turns 25 and 30. Houston's mother, Cissy, 78, was named executor of the estate.
Bobbi Kristina will appear on an episode of Oprah's Next Chapter on Oprah Winfrey's new OWN channel, on March 11.
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The three installments should have been spaced further out. Bobbi-K might not be money wise.
Yeah...probably not the best idea to give a young person an entire estate in less than 10 years.