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Celebrity Estates

Celebrity Estates: Whitney Houston and Why the Children Are Our Future

Whitney Houston's estate plans got complicated when her daughter, Bobbi Kristina Brown, died at 22 before fully inheriting her mother's estate.

 

Whitney Houston, beloved singer and actress, left her entire estate to her 18-year-old only child Bobbi Kristina Brown. The wealth transfer was divided into three age-based distributions, with the final transfer scheduled at age 30. However, things got complicated when Brown too died, at 22, before inheriting her mother’s estate.

In this episode, David Lenok is joined by Jennifer Proper, managing director of Wealth Strategies at Pitcairn, to discuss the benefits and pitfalls of age provisions within trusts and the importance of balancing protection with the beneficiaries' will.

Ben Hider/Getty Images Entertainment/Getty Imageswhitney-houston-bobby-christina-brown.jpg

Whitney Houston (right) and her daughter, Bobby Christina Brown, perform together in Central Park in 2009.

David and Jen discuss:

  • Key advantages and disadvantages to having age provisions in trusts;
  • Some of the most common clauses in trusts;
  • Why communication is essential to drafting an effective will;
  • How far is too far when creating trust restrictions; and
  • And more.

Listen to the podcast

Browse more episodes in this podcast series. ... 

The Celebrity Estates: Wills of the Rich and Famous podcast is available on Apple PodcastsAndroidStitcher and wherever podcasts are found. 

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