TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Bobbi Kristina's Grandma

FOLDS

In War Over $20 Mil Inheritance

10/28/2012 3:00 PM PDT BY TMZ STAFF
EXCLUSIVE

1026-bobbi-kristina-cissy-houston-tmz
Bobbi Kristina
's grandmother Cissy Houston has BACKED OFF her attempt to keep Whitney Houston's money from Bobbi Kristina for years -- we found out Cissy has settled her beef with BK.

TMZ broke the story ... Cissy and Pat Houston (co-executors of Whitney's estate) ... had filed legal papers hoping to drastically change the way Whitney's fortune would be paid out to 19-year-old Bobbi .. because they felt it was "too much, too soon."

As it stood, BK was to receive her money -- an estimated $20 million -- in 3 separate chunks ... 10% when she turns 21 ($2 mil), just under 20% at age 25 ($4 mil) and the remainder when she turns 30 ($16 mil).

Now, we've learned ... the case has been dismissed after Bobbi and Cissy reached an agreement ... and sources tell us Whitney's original plan for the payout was virtually unchanged.

Still, we're told both Bobbi and Cissy are satisfied with the plan ... and are happy to put the case behind them.

173 COMMENTS

No Avatar
16.

Susan62509    

By law, Cissy and Pat had no legal authority to change Whitney's pay out schedule written in her Will. I doubt very much that Cissy folded. Most likely her request was thrown out of court, denied by the judge or her attorney told her she didn't stand a chance and not to pursue it in court.

671 days ago
17.

johnnydanger    

Bobbi Kristina has a face for radio.

671 days ago
18.

Mz English    

"Originally plan"? Come on guys. Lazy.

671 days ago
19.

LISA    

So that was the original pay-out schedule? The older article made it sound like she was getting it all at once.


This original payout plan seems fine to me - even a little strict (30 years old for the bulk of it). I think it is strange to not leave anything to close family, especially when you have over 20 mil.

671 days ago
20.

Mz English    

"Originally Plan"? Come on guys. Lazy.
Happens waaaay too much.

671 days ago
21.

joe gillis    

maybe the jacksons should get involved ?

670 days ago
22.

oink    

granny wanted some of the $$$$$$$$

670 days ago
23.

Mr. Grimm    

BK stands for Burger King.


Gotta getz dem whoppaz boi

#swaggin

670 days ago
24.

Jen    

Doesn't matter when she gets it, the family babies her as much as her mother did so she'll be just as immature at 40 as she is now, and believe, she is immature. She'll blow it on drink and drugs, then spend her life blaming others. Like mother, like daughter.

670 days ago
25.

♥TMZ but ...    

whitney was beautiful and talented
this young girl would be lost without this inheritance
because she has neither
and I hope she is wise with her $$$

670 days ago
26.

Mumra the Ever Living    

" 10% when she turns 21 ($2 mil), just under 20% at age 25 ($4 mil) and the remainder when she turns 30 ($16 mil). "
.
It's known that she likes her drugs and likes them a lot. She has a boyfriend who seems also like his drugs. Bad combination. Add in the fact that she doesn't seem to have an once of self control and it looks like she should be making HER Will out.
.
I doubt if she will even survive to collect any more than the initial $2 million.

670 days ago
27.

Sally    

Big mistake - the boyfriend will go throiugh a lot of it. Also, get those teeth fixed.

670 days ago
28.

lawntamersinc    

No doubt she'll be broke in a short time.

670 days ago
29.

cmb0368    

Too bad she doesn't look like her beautiful mother. Whitney was beautiful and talented. If Whitney were still alive Bobbi Kristina wouldn't have all this attention. She so wants to follow in her mother's footsteps... ummmmm her career hopefully and not the drug part.

I still miss Whitney. On February 11,2012 that beautiful voice was silenced forever.

670 days ago
30.

SAY WHAT    

another words granny got paid.

670 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments

Around The Web