Whitney Houston (1963-2012) – Singer, Songwriter, Actress
Whitney Houston was an American recording artist, singer, actress, producer, model, and songwriter. In 2009, the Guinness World Records cited her as the most awarded female of all time. Houston was one of the world’s best-selling music artists, having sold over 200 million records worldwide. She released six studio albums, one holiday album and three movie soundtrack albums, all of which have diamond, multi-platinum, platinum or gold certification. Houston’s first acting role was as the star of the feature film The Bodyguard. The film’s original soundtrack won the 1994 Grammy Award for Album of the Year. Its lead single, “I Will Always Love You,” became the best-selling single by a female artist in music history.
In February 2012, Houston was found dead in her guest room at The Beverly Hilton. The official coroner’s report showed that she had accidentally drowned in the bathtub, with heart disease and cocaine use listed as contributing factors. Whitney Houston executed a Will in 1993, which called for her assets to be held in trust for her daughter, Bobbi Kristina, but she did not create an actual trust while she was alive. Since the Will creates the trust, a testamentary trust, it does not have the advantages of avoiding probate court and it is also a public record.
While some people believe Whitney Houston is a Legacy Champ, because she had an estate plan, others would say she could be a Legacy Chump for not implementing an estate plan that went further. If you want to minimize the consequences of failing to properly plan your estate, then contact The Mendel Law Firm, L.P. for a free initial consultation on estate planning, trust planning, and/or probate issues.