Monday, October 1, 2012

Cissy Houston Files Petition Against Bobbi Kristina Seeking Modifications to Her Inheritance Payments

It's going down! Bobbi Kristina has yet to get her hands on a large chunk of the estimated $20 million she inherited from her mother Whitney Houston, who drowned earlier this year, but after a legal move by the trustees of Whitney's estate -- granny Cissy Houston and aunt Marion "Pat" Houston -- Bobbi Kris may have to wait a while. According to the petition filed in Atlanta last week, the trustees want to remove an "undue influence" (read: her boyfriend/brother/alleged drug dealer Nick Gordon) and want the inheritance dispursement schedule restructured. Whitney signed a will a couple months before her birth in 2003 which left everything to Bobbi Kristina, who's now 19 years old. According to the will, Whitney's fortune was to be placed into a trust and upon turning 21, Bobbi Kristina would receive part of it, then more of the money at age 25 and the balance at age 30. Cissy and Pat are demanding Bobbi Kristina appear in court to answer their complaint.
The trustees say in the petition that Kristina "is a highly visible target for those who would exert undue influence over her inheritance and/or seek to benefit from respondent's resources and celebrity." The schedule of distributions of Brown's inheritance conflict with Whitney's Houston's "intent to provide long-term financial security and protection for her child," they add. "Compliance with the provisions of the trust would defeat or substantially impair the accomplishment of the purposes of the trust, which were to provide for the proper maintenance and comfort of the respondent, and to prevent the wasting of trust assets, as evidence by the trust's spendthrift provision," the petition states. The five-page document does not go into specifics, but the trustees say that any proposed amendment will still allow Kristina to live comfortably.

source: Courthouse News
Sidebar: In case you're wondering what the legal definition of "undue influence" is, it's "improper influence that deprives a person of freedom of choice or substitutes another's choice or desire for the person's own compare coercion, duress, necessity."

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