Whitney Houston, beloved singer and actress, left her entire estate to her 18-year-old only child Bobby Christina Brown. The wealth transfer was divided into three age-based distributions, with the final transfer scheduled at age 30. However, things got complicated when Brown, too, died at 22 before inheriting her mother’s estate.
In this episode, David Lenok is joined by Jennifer Proper, managing director of Wealth Strategies at Pitcairn, to discuss the benefits and pitfalls of age provisions within trusts and the importance of balancing protection with the beneficiaries' will.
Ben Hider/Getty Images Entertainment/Getty Images
Whitney Houston (right) and her daughter, Bobby Christina Brown, perform together in Central Park in 2009.
David and Jen discuss:
Key advantages and disadvantages to having age provisions in trusts
Some of the most common clauses in trusts
Why communication is essential to drafting an effective will
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