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Whitney Houston's Executors Reach Deal Over Bobbi Kristina's Inheritance

October 29th, 2012 4:20pm EDT

Bobbi Kristina Brown

The executors of Whitney Houston's estate have reportedly reached a deal to restructure inheritance payments for the late singer's daughter Bobbi Kristina Brown.

The 19 year old stands to inherit her mother's multi-million dollar fortune following her death earlier this year and a payment plan had been put in place so she would reportedly receive a cash sum on her 21st birthday, with further pay outs when she turns 25 and 30.

However, her grandmother, Cissy Houston, and the singer's sister-in-law, Pat Houston, the co-executors of the estate, filed a legal petition in Georgia last month to put in place a new system to make sure Bobbi Kristina doesn't have access to too much money all at once.

A new report suggests the case has now been dismissed after the co-executors reached a deal with the teenager.

TMZ.com reports few changes have been made to the pay out plan, but both sides are satisfied with the agreement.

Houston drowned in the bathtub of her Los Angeles hotel in February.


Photo Credits: Andrew Evans / PR Photos