The Last Will and Testament of Whitney Houston was an interesting read.  There were a couple of key points that stood out to me.  In article four, Whitney Houston stipulated the terms of how much and when her issue would receive benefits from their trusts, which I personally felt was a wise decision.  In article four, any issue under the age of 30, receives a fraction of distributions from their separate trusts in five year intervals.  For Whitney Houston’s only child, Bobbi Kristina, she received one-tenth of the principal at the age of twenty-one,  and will get one-sixth of the remaining principal  at the age of twenty-five, and the entire remaining principal, along with all accrued and undistributed income, when she reaches the age of thirty.

Another interesting point in this will is the fiduciaries assigned to be Executor and Trustee.  In the original Last Will and Testament, her attorney Sheldon Platt, was the executor and one of the trustees, along with her sister-in-law Donna Houston.  On her codicil dated, February 3, 1993, she made her mother, Cissy Houston the executor, and assigned her sister-in-law and brother, Donna and Michael, as trustees.  Near the end of article ten, Whitney acknowledged the conflict of interest that may come about from her choices, but noted that she had total confidence in their abilities to carry out their fiduciary duties.

Submitted by K. Wiseman