October 29, 2012 08:44:58 GMT
Cissy and Pat Houston reach an agreement with Bobbi Kristina Brown regarding the way Whitney's inheritance will be given to her.
Whitney Houston's daughter Bobbi Kristina Brown is set to receive $20 million inheritance as originally planned. Co-executors of Whitney's estate, mother Cissy and sister Pat Houston, scrap their plan to adjust the way Bobbi will receive the money.
The money will be given to Bobbi in three portions. The young reality TV star will receive the first $2 million when she celebrates her 21st birthday, will get another $4 million when she turns 25, and will be able to claim the rest when she turns 30.
Cissy and Pat initially thought it was "too much, too soon" for Bobbi due to her young age. They filed legal papers to change how the payout would be handled, but later canceled their adjustment plan after they reached an agreement with Bobbi.