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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

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31.

Buckaroobonzai    

woohoo america! STIMULUS for the economy!!!

704 days ago
32.

Kelly    

and it will all go up her nose and down her throat and she will be next to her mother by time she hits 30

704 days ago
33.

Quinn    

What does it matter? BK will probably be dead by 30 anyway.

704 days ago
34.

John T.    

She will go through that money like water with that leech hanging on to her for dear life. She not close to being pretty, that gap is really bad. She better go to school and get a degree because she will never make it in show movies. Heard her sing , lord it was really bad. She has no talent other then being Whitneys daugter find her to be a druggie loser. Her aunt Pat is a blood sucker from the word go for any money she can get from the estate. The new show is a sick joke, as bad as the Lohan and Kardashian family.Trailer trash.

704 days ago
35.

John T.    

In this picture the gap is so big that it looks like she is missing her two front teeth.

704 days ago
36.

Lee    

Catch more flies with honey or, in this case, get more money by being nice. She must have had a long talk with her lawyer an knew she didn't stand a chance in court.
Whitney had sense enough to divy it out over a period of years and to make sure that BK got it and not any other family member who would go after it.
It is good that she will get money from her mother, heaven knows she sure didn't get good looks. Poor child is so homely.

704 days ago
37.

Toilethead    

In five years she'll be a crack whore in the ghetto.

704 days ago
38.

here2opine    

What happened to Whitneys money? Surely there was more than $20 mil....

704 days ago
39.

Kali    

Once trash always trash. Cissy did Whitney rotten out of jealousy and now she's going to let her granddaughter die as well.
That girl is going to hand her boyfriend the money, he's going to turn that girl over to her dealer, and she won't make her next birthday. Cissy's greed has always ruled her but the next person she will be telling it to is God with her lying, manipulative mouth.

704 days ago
40.

Laura    

After the first pay day, please go to a dentist.

704 days ago
41.

Carl    

I understand why Grandma wanted to hold back the money and I sympathize with her. But she didn't have a legal leg to stand on. Bobbi is an adult and her mother wanted to give her the money in a particular way spelled out in the will. If Bobbi wants to blow all the money in an irresponsible way it is her legal right to do so.

704 days ago
42.

Violet    

This title should not say "Bobby Christina's Grandma". This should say "Cissy Houston". Cissy is a legendary gospel singer who has done a lot more with her life than this idiot kid who has done nothing but spend her late mother's inheritance and date her brother. I

704 days ago
43.

billybob    

Hey TMZ, did lawyers force you to take the Timberlake stuff offline???

704 days ago
44.

dierdre    

Seriously, who the hell cares about how much money the mother left behind for her. And that gap in her teeth.....UGHHHH!!!! Certainly, I'm sure she can afford to at least get that fixed. She is dead-ass homily. Takes after the father...ewww

704 days ago
45.

baybek8s    

I'm praying Cissy won't have to bury her granddaughter. I can't help but feeling diasture on the horizon.

704 days ago
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