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Questions about Whitney Houston's Estate Arise

Daryll Pomey Orat - Wednesday, January 21, 2015

Whitney Houston, it seems, will not be allowed to rest in at peace. Recently, the stars 21-year-old daughter was announced as being in a medically induced coma after being found unconscious in a bath tub. She was the sole heir of her mother's $20 million estate.

Already questions are being raised about what happens to Houston’s estate, even though Bobby Kristina brown is still alive. Her family is already making plans to take her off life support, and if that happens, the next in line to inherit the 20 million-dollar estate is the family matriarch Cissy Houston as well as her two sons. Bobbi inherited approximately 10% of the estate, when she turned 21 years old. According to the terms of the will, she was also set to inherit another 15% of the estate at age 25, and receive the remainder of the estate at the age of 30.

However, now those plans are in jeopardy as a result of her condition. It must be noted here that Brown's father, and Whitney Houston's ex-husband, Bobby Brown is not in line to inherit any of the money from the estate.

When millions of dollars are at stake, it appears that the media will not only not let you rest in peace, but will not let family members die in peace either. Planning is extremely important when large assets are at stake. It's important to consider not just current family and financial circumstances, but also future events that could possibly change the situation for your heirs.

Failure to take into account divorces, deaths, marriages, birth, additions into the family and other changes right at the time of making the will, can prove disastrous to your heirs in the future. Speak to a California estate planning lawyer about drafting a bill that protects the rights of your heirs.

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