Trusts: Estate Planning And Whitney Houston

The recent and tragic death of Whitney Houston has sparked many conversations about her life and accomplishments. One such conversation is whether or not she had a sufficient estate plan given the size of her estate. Often, people with sizable estates use trusts to control when and how their wealth is distributed.

It is assumed that Whitney Houston’s 18-year-old daughter, Bobbi-Kristina, is the main beneficiary of Houston’s estate, and it is also believed that Houston at least had a will. However, a will alone may not be the best estate planning instrument. Under a will, Houston’s 18-year-old daughter would…