Whitney Houston’s fortune bounced from sky-high to significant debt. What did this mean for her estate? And was it money — or something else — behind Whitney’s ugly legal battle with her “step-mother”?
How exactly does Bobby Brown fit into all of this?
This is installment #4 of our Estate Planning Lessons From The Stars series, which is based on the Celebrity Legacies TV show for which we provide commentary as the estate legal experts. See other articles in the series here.
Before Whitney Houston unexpectedly drowned in a Beverly Hills hotel bathtub at age 48, on February 11, 2012, rumors circulated that she was in such financial trouble that she was nearly broke. She reportedly died $20 million in debt.
How could that be possible for the singer who signed a $100 million record contract in 2001? And 2001 doesn’t even rank as her most successful year! In 1993, Whitney earned $33 million from The Bodyguard soundtrack and gave birth to her only child, Bobbi Kristina.
Whitney Houston Read more...
Whitney Houston’s funeral this weekend provided the first public glimpse of what may be trouble involving her estate. Her ex-husband, Bobby Brown, was invited to the funeral, after reports surfaced that some family members didn’t want him there. He didn’t last long. Brown’s entourage wasn’t allowed to sit with him at the funeral. Brown wasn’t happy and left, visibly upset.
Bobby Brown issued a statement after the funeral, saying he and his group were asked to relocate three times, and rather than making a scene, he chose to pay his respects quickly and leave.
TMZ reported the day before Whitney Houston’s funeral that mother, Cissy Houston, and other family members had been trying to keep Brown away from Bobbi Kristina, Whitney’s daughter with Brown. They were said to be worried that Brown would try to use Bobbi Kristina to make a play for some of Whitney’s money.
Brown’s statement confirmed some of this. He said that security prevented him from seeing his daughter at the funeral. Is money the reason Read more...