Tags: bobbi kristina | estate | trust | nick gordon

Bobbi Kristina Brown's $20M Fortune: Who's Entitled to It?

By    |   Tuesday, 03 Mar 2015 09:31 AM

Bobbi Kristina Brown remains in a medically induced coma in Atlanta but questions about the fate of her $20 million fortune are now beginning to swirl.

Whitney Houston left her entire estate to her daughter in her will after she died on Feb. 11, 2012, after drowning in a bathtub at the Beverly Hilton in Los Angeles. It was later determined that heart disease and cocaine use contributed to her death.

In an eerily similar incident, 21-year-old Bobbi Kristina Brown was found Jan. 31 unresponsive and facedown in the bathtub at the home she shares with boyfriend Nick Gordon in Roswell, Georgia. She was transported to an Atlanta area hospital and has been in a medically induced coma and on a ventilator ever since.

As far as Brown's trust, the person who may be out of luck is Gordon, who Brown described as being married to since January of 2014. On Feb. 4, an attorney for Bobbi Kristina's father Bobby Brown issued a statement saying the couple was not actually legally married.

"That estate is held in a trust administered by several family members — not including her father, Bobby Brown, who can make decisions about her health but is not an executor of the trust," People magazine reported. "If Bobbi Kristina were to die, her boyfriend, Nick Gordon would likely receive nothing if there is no will naming him as a beneficiary."

The New York Daily News wrote that Whitney Houston's mother, gospel singer Cissy Houston, and her sons would likely be the heirs of the estate.

Bobbi Kristina received 10-percent of her mother's estate, about $2 million, this past year when she turned 21, reported the Daily News. She is scheduled to get another 15-percent payout when she turns 25 years old and the rest of the estate when she turns 30.

"Extra" reported back in 2012 that Cissy and Pat Houston wanted to change the payment plan but later backed off, initially thinking the money would make Brown a "highly visible target," but they also wanted to "protect her from herself."

Doctors reportedly tried to slowly move Brown out of her medically induced coma last week, but medicated her again after she started suffering violent seizures. There has not been any significant change in her condition.

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Bobbi Kristina Brown remains in a medically induced coma in Atlanta but questions about the fate of her $20 million fortune are now beginning to swirl.
bobbi kristina, estate, trust, nick gordon
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2015-31-03
Tuesday, 03 Mar 2015 09:31 AM
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