Dear daughters, here’s R250 million – if you follow my rules

By admin
29 July 2014

A New York property tycoon has left his daughters $27 million (R337,5 million) but they can only get their hands on the dough if they comply with strict conditions

A New York property tycoon has left his daughters $20 million (about R250,66 million) but they can only get their hands on the dough if they comply with strict conditions 

Manhattan property magnate Maurice Laboz signed his will in April last year, about nine months before he died, leaving a R625-million fortune.

Most of it's going to his daughters, Marlena (21) and Victoria (17), who stand to inherit $10 million (roughly R125,32 million) each when they turn 35. But they can get some of the money beforehand if they follow their dad’s rules and stick to the straight and narrow. Here are a few of them, according to the New York Post:

  • Marlena will get R6,266 million when she marries but only if her husband signs an affidavit that he won't touch the money.
  • She gets another R9,4 million if she graduates from an “accredited university” and writes a letter of “100 words or less describing what she intends to do with the funds”, which her fathers trustees must approve.
  • If they bear children and don’t have jobs outside the house the trustees will annually pay each three percent of the value of their trust on 1 January. But there’s a catch: the money will only be paid out towards a “child born in wedlock”.
  • The sisters will also earn more if they  act as “a caregiver” to their mom, Ewa Laboz (58). Eva and Maurice were getting divorced at the time of his death. She received nothing in Maurice's will, which she is legally contesting on the basis that they were still married when he died.

The rest of Maurice’s wealth will be donated to charities.

Do you know of a similar situation, or perhaps have some strict, unique or extravagant conditions in your own will or have had to succumb to someone else’s  conditions to get your inheritance? Tell us at mieke.vlok@media24.com

Sources: Dailymail.co.uk, News.com.au, Nypost.com

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