Rumors (And a Few Answers) Surrounding Whitney Houston’s Estate

Numerous rumors have circulated regarding Whitney Houston’s estate ever since her death on February 11, 2012. Many of the rumors involve exactly how much Whitney was worth at the time of her death—some believe the singer was worth between $10 million to $20 million, while others believe she was broke. In 2001, Whitney signed a deal for six albums and $100 million in guaranteed royalties with Arista, but she died owing the company three records. Since her death, Whitney’s estate has reportedly made $700,000 in royalty payments, and a movie she did will be released in August of this year.

Whitney executed a will on February 3, 1993 that names her daughter, Bobbi Kristina, as the primary beneficiary. The assets are to be placed in trust with one-tenth of the principal paid to Bobbi when she turns 21, one-sixth at age 25, and the remaining balance at age 30. A codicil dated April 14, 2000 appointed Cissy Houston, Whitney’s mother, as executor and Michael and Donna Houston, Whitney’s brother and sister-in-law, as trustees.  

See Michael K. Kirsh, Greatest Love of All, Trusts & Estates, Mar. 21, 2012.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.