Houston left behind more than just cash and securities — she left behind her music catalog, performance royalties, television residuals, and publicity rights. This left the IRS and Houston's representatives to battle it out over the valuation of her intangible assets.

 

Key Takeaways:

[:20] Whitney Houston died unexpectedly but the world will always treasure her legacy.

[1:05] Houston left behind a considerable financial legacy — estimated at $20 million for her only child.

[1:37] Houston's estate includes far more than cash — it includes her music catalog, digital performance royalties, movie and television residuals, and publicity rights — which are a lot harder to value!

[2:37] The IRS determined that Houston's representatives underestimated the value of her intangible assets, so they battled it out over the popstar's publicity rights.

[3:24] This isn't the first time this has happened; the case for Michael Jackson is still working its way through court.

[4:20] Careful planning is still in order to make sure your legacy goes where you want it going. So call Financial Gravity when you're ready to plan, and let us make beautiful financial music, together.

 

Mentioned in This Episode:

Financial Gravity