London: Cissy Houston has reportedly backed off her attempt to keep late singer Whitney Houston`s money from her daughter Bobbi Kristina for years
Tmz.com reports that Cissy and Pat Houston (co-executors of Whitney`s estate) had filed legal papers hoping to change the way Whitney`s fortune would be paid out to 18-year-old Bobbi because they felt it was "too much, too soon".
As it stood, Bobbi was to receive her money, an estimated $20 million, in three separate chunks - 10 percent when she turns 21 ($2 million), just under 20 percent at the age of 25 ($4 million) and the remainder when she turns 30 ($16 million).
Now, we`ve learned that the case has been dismissed after Bobbi and Cissy reached an agreement and sources tell us Whitney`s originally plan for the payout was virtually unchanged.
Still, we`re told both Bobbi and Cissy is satisfied with the plan and is happy to put the case behind them.