Whitney Left Everything to Bobbie Kristina
Tags: bankrupt, bobbi kristina, broke, debt, royalties, whitney houston, will

Whitney Houston’s will was officially filed in court yesterday, and as previously reported, ex-husband Bobby Brown doesn’t get jack shit — her estate will be going to her only daughter, Bobbi Kristina. Radar Online says:
The will is very straightforward and states that Whitney’s assets, real estate, jewelry, clothing and cars will all go to Bobbi Kristina. The money will be held in a trust until she turns 21.
The executors of the will and estate are Whitney’s mother, Cissy Houston, her brother Gary and her sister-in-law, Pat Houston.
She might have inherited what was left of her mother’s estate, but Bobbi Kristina won’t ever see any royalty checks from Whitney’s record company, thanks to the multiple advances and loans Whitney took from the $100 million deal she cut with Sony a decade ago. The Daily says:
Houston was out of cash in 2001 when she signed what was said to be a $100 million deal with Sony for six albums. While the agreement could have been worth $100 million if things had gone right, Houston only collected about $40 million. “It’s really an advance against sales. They loaned her the money, and her records didn’t sell,” a [label executive] explained.
Based on the meager sales figures, “She owes Sony at least $20 million… she’s going to have to sell 5 million more records before her family sees a dime.”
Inheriting an estate isn’t necessarily all that great, you know. You also inherit the debt and responsibility that come with it. And I’m sure it doesn’t help when the “investment portfolio” you’re inheriting is actually just a shoebox full of scratch-offs and a half-drunk bottle of Wild Turkey.



