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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
31.

Sandra    

I know that kids have to be free to live their own lives, and a front tooth gap is considered by some to be a cultural thing, but Whitney was one of the most beautiful, well spoken, dignified women in the world...and her daughter looks so much like her, but with Bobby Brown's trashy teeth....Honey, see a dentist!

727 days ago
32.

Rebecca    

Wow this is gonna become another Michael Jackson ordeal. smh

727 days ago
33.

News Flash     

They know she's good at blowing things ex: HER BROTHER!

727 days ago
34.

myopinion    

I hope the best for Bobbi hopefully she will surprise everyone and have a successful life!

726 days ago
35.

Sapphiegirl    

WHAT THE FCK IS WRONG WITH WHITNEY HOUSTON'S MOTHER AND SIS IN LAW? THEY CLAIM THEY WANT TO PROTECT BK BUT ALL THEY REALLY WANT IS CONTROL OF THE MONEY THEMSELVES. HEY BEOTCHES...IF WHITNEY WANTED YOU TO HAVE THE MONEY SHE WOULD HAVE LEFT IT TO YOU. GET YOUR FILTHY PAWS OUT OF BK'S FINANCIALS OR YOU WILL HAVE ANOTHER DRUG ADDICTED FAMILY MEMBER WHO WILL DIE BEFORE HER TIME!

726 days ago
36.

gmoney1016    

NEWSFLASH people!!!!!! Just because they are trying to age in which she receives the money doesn't mean they are (or could) rewriting the will!!! Whitney left everything to Bobbi Kris whether its tomorrow or 10 years from tomorrow it isnt going to anyone but her.
Writing a song is not the only method to make money... do you think these artist work for free? Hmmmm lets see..... if we 10 dollars is fair to all lets do some math if 10 dollars were paid per album and The Bodyguard alone sold 45 million copies and she is its Executive producer so even if she only made 1.50 per album (which is a newcomer rate) thats 70 million in album sales alone leaving Arista what 380 million dollars of money brought in..... plus the world tour..... Sorry to tell the naysayers but Whitney made serious money and she doesnt owe Arista ****! Just look at TMZ they dont even know first she was broke, then she left her 20 mil, and an earlier article TMZ posted "Bobbi Kris is filthy rich..." they reported her estate to be 160... million.... which I wouldnt doubt because Whitney made bank. Do believe the hype I dont think she wouldve sang if she wasnt getting paid!

725 days ago
37.

Bri    

Thank God her Grandmother has common sense and put a stop to the madness next problem to solve that so call god son turn Lover .. Are u serious ... Child please....

675 days ago
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