Whitney Houston's Mother Settles Inheritance Dispute With Granddaughter

10/29/2012
. (TMZ) Bobbi Kristina's grandmother Cissy Houston has backed off her attempt to keep Whitney Houston's money from Bobbi Kristina for years -- we found out Cissy has settled her beef with BK.

TMZ broke the story ... Cissy and Pat Houston (co-executors of Whitney's estate) ... had filed legal papers hoping to drastically change the way Whitney's fortune would be paid out to 18-year-old Bobbi .. because they felt it was "too much, too soon."

As it stood, BK was to receive her money -- an estimated $20 million -- in 3 separate chunks ... 10% when she turns 21 ($2 mil), just under 20% at age 25 ($4 mil) and the remainder when she turns 30 ($16 mil).

Now, we've learned ... the case has been dismissed after Bobbi and Cissy reached an agreement ... and sources tell us Whitney's originally plan for the payout was virtually unchanged.

Still, we're told both Bobbi and Cissy are satisfied with the plan ... and are happy to put the case behind them. more on this story

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Copyright TMZ - Excerpted here with permission.

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