Whitney Houston and Trust Planning

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Whitney Houston and trust planning News of the tragic death of Whitney Houston’s daughter, Bobbi Kristina Brown, was accompanied by speculation about the family’s estate plans. Whitney Houston left her entire estate in trust for her daughter. Trust principal was to be distributed over a period of nine years—10% when Bobbi Kristina reached age 21, 30% at age 25, and the balance upon reaching age 30. This pattern of sequential trust distributions is a common one. It avoids overwhelming the heir with too much, too soon. As Bobbi Kristina was just 22 at her death, she had received only 10% of the trust assets. The size of the trust is unknown, but press speculation puts it at about $200 million. In the event Bobbi Kristina does not have a will, the trust assets are to be divided among Whitney Houston’s mother and two brothers. No word at this writing on whether there is a will, but it would be unusual for a 22-year-old to have done any estate planning. If there is no will, Bobbi Kristina’s father is her nearest relative, so he would be entitled to whatever is left (after paying final medical expenses) from her trust distributions. One final wrinkle is that Bobbi Kristina’s boyfriend, Nick Gordon, may try to claim that he is her husband. As her husband he would be entitled to a share of her estate, but not to a share of Whitney Houston’s estate. Gordon cannot make a claim of common law marriage, as such marriages are no longer recognized in Georgia. He would have to provide a marriage certificate. Planning a child’s inheritance always involves tradeoffs. Typically, the child wants full and immediate access to assets, while the parent prefers to limit access until financial maturity is reached. In fact, a good argument can be made for having a trust for a child’s inheritance last for a lifetime, to provide permanent creditor protection. Phased distributions, as chosen by Whitney Houston, provide a compromise solution. (August 2015) © 2015 M.A. Co. All rights reserved. .

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Market Segmentation and Selective Exposure in Online News
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Full name: Whitney Houston Whitney Elizabeth Houston Born: August 9, 1963 Newark, New Jersey, U.S Dead: February 11, 2012 (aged 48) Beverly Hills, California, U.S Husband: Bobby Brown Children: Bobbi Kristina Brown Whitney Houston was an American singer and actress. According to data from the Guinness Book of Records, the singer was the female performer with the most awards. Her list of awards includes 415 awards, including 2 Emmy Awards, 6 Grammys, 30 Billboard Music Awards and 22 American Music Awards. She is considered one of the greatest artists of all time. Houston was also one of the best-selling singers, selling over 200 million albums and singles worldwide. Whitney from birth looked like she was destined to become a singer. At age 11, Houston began performing as a soloist in a church choir, where she also learned to play the piano. She attended Mount Saint Dominic Academy, a Catholic high school for girls. When she turned 15, she often performed with her mother and tried to get her own contract. At about the same time, she was discovered by a photographer who was amazed by her natural beauty. Her appearance and charm made her one of the most sought-after teenage models. But music remained her true love. When she was 19, her talent and gift was noticed by the famous producer Clive Davis, who immediately took the helm of her career. Albums and songs Whitnei’ Album : Houston followed its monumental success with its first album, Whitney Houston Album: Whitney ’1987. And that record In 1985, the artist released her went platinum multiple times and debut album.
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