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Whitney Houston's Will

Approved By Judge

3/8/2012 6:05 AM PST BY TMZ STAFF

0220_whitney_BN_04
Whitney Houston
's will has been validated by a judge, and now her daughter Bobbi Kristina stands to inherit her mom's fortune.

Under the will, Bobbi Kristina is Whitney's sole beneficiary. But the will -- which was amended in 2000 -- provides that if the 19-year-old dies before probate is completed, ex-hubby Bobby Brown and various relatives would split up all of her assets -- but she left it up to them to agree on how to divvy things up. There is one thing that Whitney didn't want to put up for grabs -- her jewelry. In the event Bobbi Kristina died, all of Whitney's baubles would go to her mom Cissy.

In addition to Brown, Whitney named her mom Cissy, her dad John and her brothers Michael and Gary as beneficiaries. 

Now here's the catch ... If Bobby and the others couldn't reach an agreement on who gets what, the will says all of Whitney's stuff would be sold and they would just divide the cash.

0211_rememebring_whitney

50 COMMENTS

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16.

1uniquemonique    

Whitney's estate value at $20 million??? (I find that hard to believe) So, all of the business deals to "maximize her estate for the benefit of Bobbi Kristina" is really to benefit the executor and the trustees.

869 days ago
17.

Cheryl A.    

It is unthinkable that her daughter would die before Whitney BUT if she did, that's a pretty lazy will. Especially knowing the fights that would ensue.

869 days ago
18.

Asessina    

The relatives will hanging on bk for sure. She's the new gravy train but they probably knew that already.

869 days ago
19.

dd    

Get over it people she loved Bobby Brown!

869 days ago
20.

SusanCoyote    

She will end up like her mother. She will go though the money on partying and booze and drug. Ghetto is as ghetto does.

869 days ago
21.

TMZISAPIECEOFSHIT    

Correction: Whitney Houston's will has been validated by a judge, and now her daughter Bobbi Kristina's DRUG DEALER stands to inherit her mom's fortune.

869 days ago
22.

jetfanglo    

Let the games begin....................

869 days ago
23.

CountryGal    

This will be a fascinating train wreck to watch.

869 days ago
24.

patty    

wth kinda will is this?? vague and it seems like she wants people to argue??? and she has a will and it's not in trust? so they will have to pay 50% in death taxes - and never updated? - even MJ had every thing in trust for his kids and e was very specific, they are totally covered, also if it s a will, they need to open probate, court has to be assigned, it can easily take 6 months b4 bobbi could see any $$, with a trust the family gets the money right away and doesn't have to pay death tax - i am really shocked she hasn't updated her wishes in 12 years, and left it so indecisive, it makes me wonder what she has left besides debt - if she doesn't, it will be a mess, if she does have $$, i see huge family fights - i'm sorry but it is just selfish to leave her affairs in a mess and not make sure her daughter is not completely taken care of - i bet they go thru any money on lawyer fees when every one protest's her will in court

869 days ago
25.

patty    

holy crap - micheal added to his will, if any one protest his will in court, they would automatically loose their inheritance, this is going to be a huge cluster flock - now i see why cissy was trying to get bobbi in rehab and be appointed as guardian since the day whitney passed = sad when bobby brown is now the smartest and most grounded person in the family

869 days ago
26.

Rossetta    

Oh Good, does this mean she has enough money to go to College???

869 days ago
27.

linda    

THIS IS OFF THE SUBJECT.!! BUT AMBER PORTWOOD, JANNELE, AND LEAH ARE WORTHLESS. THEY ARENT TEENS ANYMORE. AND WE ALL KNOW THEY ARENT HAVING IT AS HARD AS IT IS SAID. WE ALL KNOW THEY ARE GETTING PD FOR THE SHOW TEEN MOM.!! PUT THOSE THREE IN A HAT AND SHAKE THEM. THEY ARE WORTHLESS.

869 days ago
28.

patty    

logan - it is really possible for whitney to be broke, she hasn't worked i the last 10 years, but kept spending money like she was, and saying she was getting one hundred million dollar record deal is not what it seems - $100,000,000 - was for 6 album deal - she doesn't actually get they money, so they assign about 16,000,000 per album, then that money is used to write record and mix the album, plus pay for music videos, all the marketing and our support, then after every thing is done and paid, she gets to keep whats left as her artist advance - and that is an advance - she doesn't get to collect any more on sales until she recoups all the money spent and pays back that advance, so depending on how much they spend on her music, marketing, etc. it is possible she really doesn't get much money, then she has to give her manager 15% and agent 10% off the top 50% in taxes, etc. - plus they just were negotiating the record deal. buy they didn't start so she wasn't paid any money, plus clive has been advancing whitney money for they past 10 years,from sony, so she had to pay them back b4 she could get any artist money for herself, so yeah i think it's a good bet that whitney doesn't have much money left in her estate - and with this crappy will, it will all go to taxes

869 days ago
29.

jake    

I agree with Patty. I highly doubt there will be much left after they settle all of Whitney's debt etc.

869 days ago
30.

patty    

side note - holy crap! am i watching the DUMBEST players ever in the history of survivor???

869 days ago
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