Poll

10 votes (90.9%)
No votes (0%)
1 vote (9.09%)

11 members have voted

Paigowdan
Paigowdan
  • Threads: 115
  • Posts: 5692
Joined: Apr 28, 2010
October 21st, 2012 at 3:04:33 AM permalink
Unreal.
Whitney Houston's 19 year old daughter Bobbi Christina Brown is to inheret $20M from Houston's estate as the daughter. Apparently, Ms. Houston's mom and a sister-in-law have a problem with this. I will say this about Bobbi Christina Houson:
1. She is a legal adult;
2. She has no history of drug abuse or criminal record,
3. Is seeking work as a television producer/executive, and
4. Even Whitney Houston, - as drug-addled as she may have been - was on point enough to not only assign $20M for her child (and not her mom or cousins, aunts, uncles, or any other relative who'd try for a cash-grab), but protect that capital tooth and nail from any vultures who got anywhere near her.

I have a problem with people - "concerned relatives" - who feel it is their God-appointed duty to protected others from their rightful assets - by appointing themselves "Caretakers of Dat Cash!"

It's Bobbi Brown's right to either wisely invest her money as she sees fit, or to blow it as she sees fit, because, well, it is her money.

And if a Judge wants to protect Bobbi Brown from herself, he can impose an annuity payout schedule (say $2M a year for 10 years, or a million a year for 20 years, or $500,000 for 40 years) - without given an iota of control to anyone else for that matter, either.

I can fully understand both the mindset of "protecting people as loved ones,' and letting them run their own lives as they see fit, even if it means running their lives into the ground. I believe that if there are NO alimony or child support obligations to be protected by law for others, then what are your interests, really, aside from claiming to be a "mommy protector" to an adult woman with no negative criminal/drug history. Indeed, IF that were brought up, as judge I'd be more suspicious of Whitney Houston peers than her kid.

I can tell you stories of how I blew a fortune moving where to LV (I could have essentially retired upon debarking from the Jet Blue flight that brought me here 7 years ago), but it was BLOWING that money - and becoming a casino dealer and high school math teacher - along with a few menial jobs - that got me on the process of casino game design. Let me just say that I spent $200,600 on dealers school, with the $600 part being real dealer's school tuition, - and boy will I say it was all money well spent. (Later, and Many times I dealt carnival games - from the other side of the table - that made me say, "I can do better than this if I really tried.") I did really try, and I did really succeed.

The dealer's job paid the bills when I blew my retirement fund the first year and a half in Las Vegas, and two years into dealing, I had several game designs, the oldest two of which were commercialized (EZ Pai Gow and Pai Gow-8), and EZ Pai Gow was commercialized and went live at the Barona Casino in San Diego in my third year of dealing. Two other games are in the process of being signed up with distributors, (Lucky Win Baccarat and Hong Kong Poker, HKP being a joint effort, adding up for a total of four.) I used to deal game designs on my coffee table with a bedsheet linen as a layout marked up with a Sharpie, and I did the game math algrebraicly on an old desk top running Excel. My roommate at the time (a fellow crap dealer at the Fiesta named Chris, now on the Strip) liked Pai Gow-8 a lot.

Believe me, if I had not gambled and learned, and had just "protected myself from myself," - with or without someone else's "Help" - and taught High School math, I would have never started a gaming design company that changed my life, and a few others. I'd be teaching math at Eldorado High School never to become a dealer, and Steve Jones (now product manager at DEQ) would still be dealing Roulette at Fiesta, unbeknownst to me, and I wouldn't have been at the Fiesta Henderson. Steve also got me a daytime driving/delivery gig that helped pay for things to boot.

I would not have been at this gaming forum board, where I met Nick "Nick's Gaming Stuff," and where I steered him into a dealing job at my workplace also. I dealt with him tonight; I was on craps, and he was on a Blackjack relief string in the same pit. Just a massive Gaming Butterfly Effect. CRM, our gaming mathematician, would have lost a TON of work, as would have our gaming lawyer, via globs of current work and referrals. I would have never gone trail-biking in Jasper, texas working with the co-inventor of Hong Kong Poker (an the original inventor of the Poker room version), and Pacman would not have done something to address that old and rusting 1966 Volkswagen Beetle eyesore that was parked and abaondoned outside of Shufflemaster's headquarters on Palms Airport road for the past two years.....(yet to be done).

Believe me, if my brother Bob had "protected me," and had taken my $200,000 Las Vegas money when I came here, and I never gambled or dealt or designed casino games from it, and just taught high school math in north Las Vegas, I'd be grading math homework over a bag of Dorito's right now, never knowing about this board.

People would still be paying commission on Pai Gow poker.
Steve Jones would still be dealing Roulette.
My investors would not be getting monthly checks.
The Ford Motor company via Gaudin Ford would have lost two new car sales.
Nick would have gone back to SF after the FitzGeralds/"D"
A semi-Pro Poker player in Texas would have no commercial games with me.
I would have generated no business for, and never had dealt dice, to Charles Mousseau.
I would have given no business to Rich N.
Sean O. would still be at Fiesta, too, now at DEQ.
But the old volkswagen is still there are palms airport Road. Let's restore it, I want to but it.

Good thing I let no one protect me from my money or my life.
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
odiousgambit
odiousgambit
  • Threads: 326
  • Posts: 9557
Joined: Nov 9, 2009
October 21st, 2012 at 4:06:02 AM permalink
Every man picks his own poison. Will our girl here, pick some poison? It probably won't be drugs, she probably hates those.

Blowing $20 million is not impossible. Disastrous marriages, multiple mansions, bad business deals, other things I don't even know about will be in her path and she will have steer clear.

We shall see what we shall see. We should hope for the best.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
bw
bw
  • Threads: 7
  • Posts: 305
Joined: Aug 9, 2012
October 21st, 2012 at 4:17:30 AM permalink
It's her perogative, to do what she wants to do.
1BB
1BB
  • Threads: 18
  • Posts: 5339
Joined: Oct 10, 2011
October 21st, 2012 at 4:28:01 AM permalink
I can only hope that Whitney's attorneys prepared iron clad documents. If Bobbi incurs any costs defending against this then Cissy, Marion and the rest of the vultures should be made to reimburse her.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
Paigowdan
Paigowdan
  • Threads: 115
  • Posts: 5692
Joined: Apr 28, 2010
October 21st, 2012 at 4:30:13 AM permalink
Quote: odiousgambit

Every man picks his own poison. Will our girl here, pick some poison? It probably won't be drugs, she probably hates those.

Blowing $20 million is not impossible. Disastrous marriages, multiple mansions, bad business deals, other things I don't even know about will be in her path and she will have steer clear.

We shall see what we shall see. We should hope for the best.


So do I - and I actually think things are in good shape for "Whitney Houston Jr."
A fine Private school education, an aversion to the ravages of drugs, - and a very tough "money-ed stance" against cash-pinching "relatives in YOUR best interest." Granted, she was with a boyfriend who had in his possession a pistol, and it was made an issue.

Her own relatives are claiming that "she is a target for Gold-digging associates," - and her response should be "No shit, please tell my lawyers about these golding-digging seekers, ahem!"

Whenever a financial windfall enters the pitcure, the very first gold-diggers who show up to badger you for cash (or control of your assets) are less than well-meaning associates and relatives, often with their lawyers.

Family shows up with lawyers.
Strangers show up with guns.
All seeking your money.

Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
1BB
1BB
  • Threads: 18
  • Posts: 5339
Joined: Oct 10, 2011
October 21st, 2012 at 4:32:14 AM permalink
Quote: bw

It's her perogative, to do what she wants to do.



Haha. As long as the Bobby with the y doesn't think it's his prerogative!
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
Paigowdan
Paigowdan
  • Threads: 115
  • Posts: 5692
Joined: Apr 28, 2010
October 21st, 2012 at 4:40:03 AM permalink
Quote: 1BB

Haha. As long as the Bobby with the y doesn't think it's his prerogative!



Whitney defined her trust fund and will for her daughter "Bobbi" - not for "Bobby."

What Bobby Brown thinks, or wants of the cash, - doesn't matter. He can sing some gigs, and make his own money, of his own effort and accord.

All the daughter has to do is say "No - Sorry. Have YOUR lawyer call MY lawyer."
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
FleaStiff
FleaStiff
  • Threads: 265
  • Posts: 14484
Joined: Oct 19, 2009
October 21st, 2012 at 4:45:56 AM permalink
Sometimes parents impose a Spendthrift Trust so that the corpus can't be invaded until age 30 or something, but I've never heard of anyone successfully imposing restraints on the heir. If she blows it, too bad. Its just that someone seems to want to be able to get "fees" and perhaps later "gifts".

What was that little kid with liver problems who made millions but later had to work as a security guard? His parents who managed his funds didn't have to work at all.
1BB
1BB
  • Threads: 18
  • Posts: 5339
Joined: Oct 10, 2011
October 21st, 2012 at 4:48:56 AM permalink
For those who may not know "My Prerogative" was a hit song written and performed by Bobby Brown.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
AZDuffman
AZDuffman
  • Threads: 240
  • Posts: 13886
Joined: Nov 2, 2009
October 21st, 2012 at 6:41:48 AM permalink
Quote: Paigowdan



It's Bobbi Brown's right to either wisely invest her money as she sees fit, or to blow it as she sees fit, because, well, it is her money.



100% correct. If she wants to call a banker and set herself on an allowence to live easy forever that is good. If she wants to dribble it away in the $100/200 NL tables in the Mirage Poker Room that is cool as well.

I go with the people who say she will probably be anti-drug, seeing how they affected her mother. Or not. Who cares.
All animals are equal, but some are more equal than others
100xOdds
100xOdds
  • Threads: 638
  • Posts: 4257
Joined: Feb 5, 2012
October 21st, 2012 at 6:49:00 AM permalink
ok, i'll bite... how did you blow $200k on dealers school?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
midwestgb
midwestgb
  • Threads: 12
  • Posts: 465
Joined: Dec 8, 2009
October 21st, 2012 at 7:04:31 AM permalink
Self tuition.
sunrise089
sunrise089
  • Threads: 6
  • Posts: 209
Joined: Jul 12, 2010
October 21st, 2012 at 7:21:25 AM permalink
Agree with Dan. The kid is 19, not 9. I can't think of any excuse for the relatives to get access to a penny beyond "we wants us some monies!"
FinsRule
FinsRule
  • Threads: 128
  • Posts: 3914
Joined: Dec 23, 2009
October 21st, 2012 at 8:21:43 AM permalink
The right answer is that it's her money and she can do what she want with it.

The problem is that a 19 year old is technically an adult, but some (I imagine especially sheltered, rich ones) don't understand how money works.

I think a smart think for a judge to do would be to grant her all the money as long as she attends a short money management course of some sort. Actually, I think all lottery winners should have to do that as well. My rule: If you are awarded more than 1 million dollars in any way, you need to attend a 2-4 hour course to receive that money (EDIT - In a non-annuity).
Ibeatyouraces
Ibeatyouraces
  • Threads: 68
  • Posts: 11933
Joined: Jan 12, 2010
October 21st, 2012 at 8:35:22 AM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
FinsRule
FinsRule
  • Threads: 128
  • Posts: 3914
Joined: Dec 23, 2009
October 21st, 2012 at 8:57:48 AM permalink
Quote: Ibeatyouraces

Some people here don't have a sense of humor.



Is that post of the day feature up yet?
tsmith
tsmith
  • Threads: 19
  • Posts: 272
Joined: Jan 15, 2010
October 21st, 2012 at 9:24:10 AM permalink
FinsRule: True, most 19-year-olds would not know how to handle an inheritance that large, but this girl grew up with money. Granted, her parents might not have been good stewards of it, spending it on drugs and booze, but still, this girl is used to being rich and will probably be able to handle it on her own or be able to make the right decisions for herself on who to hire to help her handle it.

Your comment about lottery winners, tho, is a valid one. Very, very few people know what to do when one day they're struggling to pay their bills and the next day they're being handed a check for 130 million dollars. A comprehensive course on not only prudent money management and investing but also on how to avoid being taken by con artists wouldn't do any of them any harm.
MrV
MrV
  • Threads: 364
  • Posts: 8158
Joined: Feb 13, 2010
October 21st, 2012 at 9:53:39 AM permalink
Whitney had put the money in trust for her daughter, and the trust specified the terms of disbursement.

There should not be much a judge can do, legally, to alter it.

Then again, when I think of the "conservatorship" put in place over Britney Houston, I scratch my head and wonder "WTF?"
"What, me worry?"
  • Jump to: