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Wednesday, July 29, 2015

Who Will Inherit Bobbi Kristina Brown’s $20 Million Fortune?

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 Before Whitney Houston died, she made preparations to ensure her daughter Bobbi Kristina Brown was taken care of, making her the sole heir to the singer’s estimated $20 million fortune.
Since she turned 21 in 2014, Brown has been receiving her inheritance in installments. She was set to receive 25 percent of the inheritance when she turned 25 and the rest of the estate on her 30th birthday.

Now, following Brown’s tragic death on Sunday at the age of 22, questions quickly arose about what would happen to the money. Houston’s will, which was drawn up in 1993– years before Houston’s death in 2012 – dictates that in the event that Brown died unmarried and childless before the age of 30, the remainder of the estate would be distributed to Houston’s relatives, including her mother, Cissy Houston, and her two brothers, Michael and Gary.


While Bobby Brown, Brown’s father and Houston’s ex-husband, was originally named in the will, he likely will not inherit anything given his divorce from Houston in 2007.

In May, with Brown in the hospital following the Jan. 31 incident at her Atlanta-area home that left her incapacitated, a court-appointed conservator named Bedelia C. Hargrove was selected to be “responsible for Krissi’s assets, including her likeness, rights and legal claims,” according to a joint statement from Pat and Cissy’s counsel and Bobby’s counsel. (Pat – Houston’s sister-in-law – was appointed as co-legal guardian along with Bobby to oversee Brown’s care and medical needs.)

People.com
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