Inside Edition reported on Wednesday that deceased R&B legend WHitney Houston left all of her possessions and financial holdings to her only daughter, 19 year-old Bobbi Kristina. The will, which was drawn upin 1993, before the birth of her daughter, leaves everything to Houston's surviving children, and Bobbi Kristina was an only child.
Houston's money, including proceeds from future sales of her albums, will be put into a trust, with Bobbi taking payments at 21 and 25 before she gains full control of the fortune at age 30. The trustees in charge of the money will be able to give Bobbi money as needed for expenses such as a home purchase, college tuition or starting a business. Houston passed away February 11th at the age of 48.