Amy Winehouse Hands Over Fortune to Her Parents

February 2, 2009 By:
Amy Winehouse Hands Over Fortune to Her Parents

Finally some positive news from Amy Winehouse. The troubled singer, who is still vacationing in St. Lucia, has reportedly handed control of her $21 million fortune to her parents.

We've been hearing reports about Amy's reckless spending in the past, and since there's no immediate plans for her to return to work, her parents want to make sure she doesn't pull an M.C. Hammer and spend every last penny of her fortune.

Her father Mitch and mother Janis now have controlling rights to her money and business decisions concerning her company, Cherry Westfield. Wino can't make any major decisions without their approval.

A source tells Britain's Sunday Mirror newspaper, "Everyone is pleased because it means Amy is listening to good advice. It's still her money and nobody else can touch it. But this stops her doing anything stupid. And it is evidence that Amy is really turning her life around."

Wino reportedly signed documents which give her parents "articles of association," handing them shares in her company and voting rights that could restrict her actions.

The source adds, "Mitch convinced Amy she needs a safety valve for the money for her own good - to stop her doing anything rash. She can be very impetuous and the family wanted to protect her. She cannot make a sudden decision.

"Her dad wad also worried she might be tempted to go back to (her jailed husband) Blake (Fielder-Civil) - and put him in charge. That is now impossible. This would never have happened before, certainly not when she was with Blake. It's her money and nobody else can touch it. But she can't do anything stupid."

This is probably the smartest decision Amy (and her parents) could have made. Blake could have easily convinced her to sign off her rights to him, but thankfully that's impossible now. Don't be surprised if she actually files for divorce now.