The will was signed on Feb. 3, 1993, about a month before Houston gave birth to her daughter. The pop superstar's will doesn't mention specific assets, but leaves all of her furnishings, clothing, personal effects, jewelry and cars to her surviving child, Bobbi Kristina.
Houston's
money will be put in a trust and her sister-in-law and manager, Patricia Houston, was appointed the administrator of the estate.Upon turning 21, Bobbi Kristina will receive part of the money, more of it at age 25 and the balance at age 30. Houston's trustees can give her money from the trust for various purposes, including tuition, to buy a home and to start a business.
UNIR1 Network is still wondering where the money will come from to pay back the record companies, who ran a massive debt of poor ticket and CD sales. Maybe there will be some sort of "Parton".
i wish i had money to start a business
ReplyDeletebut like posted......she may have to pay to much money out before its all done to pay for the record companies.