(NEW YORK) — Whitney Houston’s mother has reportedly reached an agreement with Bobbi Kristina as to how her mother’s multi-million dollar fortune will be paid to her, TMZ reports.
Cissy and Pat Houston, who are both co-executors of Whitney’s estate, filed papers in an attempt to change the way Whitney’s money would be paid out to her daughter because they felt it was “too much, too soon,” TMZ says. Bobbi Kristina was initially supposed to receive an estimated $20 million in three payments: $2 million at age 21, $4 million at age 25 and the remaining $16 million at age 30.
But Bobbi and Cissy have reportedly reached an agreement, and sources say the original plan was hardly unchaged, according to TMZ.
Copyright 2012 ABC News Radio
Julia Tellman, Teton Valley News
Idaho State Journal staff
Jackie Wattles, CNN
Stephan Rockefeller, EastIdahoNews.com