| miana79 wrote:|
WoW, what exactly did pat do to them?
Whit made a mistake by only leaving a Will. Everyone should have a living trust . Pat made it difficult for the daughter to obtain the first amount of money at the age of 18. Pat wants to control all of the money for her own benifit . The woman left her husband and children to promote the girl so call career for a long time .
I thank God no can obtain all the money at once .
Whits daughter would stand to inherit all of the money immediately, because she is 18 — legally, an adult. By using a trust — even a testamentary trust — Whitney was able to space out the distributions. So Bobbi Kristina will inherit 10% at age 21, another one-sixth at age 25, and the rest at age 30. There are provisions to allow for the money to be spent by independent trustees (Whitney’s brother and sister-in-law) for Bobbi Kristina’s benefit, for things like education, buying a home, starting a business, having a child, and more.
Edited by india100 - Mar 28 2014 at 7:16pm