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Whitney Houston's Fortune

"Too Much Too Soon"

for Bobbi Kristina

10/3/2012 10:45 AM PDT BY TMZ STAFF
Exclusive Details

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Whitney Houston
's family wants to put the singer's fortune on lockdown to stop Bobbi Kristina from blowing her inheritance ... and to protect BK from financial leeches.

Cissy Houston and Pat Houston, Whitney's mom and sister-in-law, filed a request this week to modify Whitney's will. Specifically, they want to change the distribution schedule of the estate ... estimated to be worth at least $20 million.

Sources close to the family tell TMZ ... Cissy and Pat filed the documents because they think the current will gives BK "too much too soon" -- and they don't think she has any need for that kinda cash now.

We're told the family also wants to "protect [Bobbi Kristina] from herself" ... because she's vulnerable. In the documents, they claim 19-year-old Bobbi "is a highly visible target for those who would exert undue influence over her inheritance."

Bobbi Kristina, Whitney's sole heir, is currently scheduled to get her inheritance in three chunks -- 10% when she turns 21, just under 20% at age 25 ... and the balance when she's 30.

In their petition, Pat and Cissy don't mention what specific changes they are seeking to the current payment schedule -- but they say Whitney's intent was "to provide long-tern financial security and protection" for her daughter.

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53 COMMENTS

No Avatar
1.

Edam    

It was only a matter of time before they went after her money.

714 days ago
2.

STFUP    

She's over 18. If she tries to fight this, she can win. There is not existing 'patter' of her being irresponsible with money that can be presented to the courts.

714 days ago
3.

Jackie    

I don't believe the fortune is anywhere near $20 million. As far as I know Whitney didn't write her songs...so she didn't own any of the big hits....she's no MJ.

714 days ago
4.

Jay W.     

If Cissy and Pat are trusting family members, it's a good move.

714 days ago
5.

athena    

even if she gets 10% of $20 mil...that's only $2 mil over the course of 5 years...she'd still have a sizable amount coming to her when she's 30. the girls been through enough let her enjoy her life as she sees fit...at least she's not getting it all at once and there will certainly be something for her even if she blows through this batch!

714 days ago
6.

Sally    

Thankfully, someone can stop the insanty. I would imagine that the stepbrother (or whatever he is) has the responsibility for some of this scamming.

714 days ago
7.

Vernon P. Alarcon    

Let's pray she lives long enough to collect most of it. Know whad i mean? With genes from those parents, it'll be a tough row to hoe. Know whad i mean? Know whad i mean? Know whad i mean?

714 days ago
8.

annoyed in SF    

they should slow down the distribution of the funds. shes obviously not a mature person and its for her best interest...she wont be in the poor house if it slows down and it will also guarantee that she wont be in the poor house by 35. give her a salary every year.

714 days ago
9.

gossipgirl86    

What the hell is this child doing?? Why doesn't she enroll in a college somewhere, get an education and make her own dough. Use the inheritance as a back up or savings???! SMH...she is still young though. I believe there is hope.

714 days ago
10.

jmak2011    

The vultures are coming out now. Leave the girl alone. Watch and see these money grubbing peopletake advantage of Bobbi Kristina.

714 days ago
11.

YouDontSay    

How can you amend a will after the adult who is competent receives? I am confused. Can she sue them for harassment and legal fees? Discuss amongst yourselves.

713 days ago
12.

a.y.harrison    

I have some real issues with the mother and sister-n-law trying to control her money. It sounds as if they want to get their hands on some of it. It's a known fact that Whitney was the meal ticket for all of them. They need to mind their own business, and stop trying to control this girl. After all she's 19 years old.

713 days ago
13.

Nyla    

If she doesn't have her act together at age 30 she never will.

713 days ago
14.

stu    

She'll be dead by 30 just like Reedmon O'Neil.
Farah & Whitney had no comon sense.

713 days ago
15.

NOT ELMO    

the boyfriend will take all the money....

713 days ago
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