A multi millionaire New York property mogul has dictated the terms of
his will from beyond the grave seeing his daughters hit with stringent
rules in order to inherit his wealth.
Maurice
Laboz, who died earlier this year, decided daughters, Marlena, 21, and
Victoria, 17 - would inherit $10million (£6.43 million) each when they
turn 35.
However the 77-year-old ensured they would be able to
get some early bonuses as long as they attended a good university, marry
right, get good jobs and do not have children out of wedlock.
Laboz
told the executors of his will his daughters could each receive half a
million dollars if they marry before 35 on the condition their husbands
sign a sworn statement that they will not touch the money.
They
could receive a further $750,000 if they graduate 'from an accredited
university' and write “100 words or less describing what she intends to
do with the funds”.
If the daughters have children and don’t work outside the house, the
trustees will give them each 3 per cent of the value of their trust
every January 1.However he stipulated the money is only for a “child born in wedlock.”
His wife received nothing in the will and has said that she plans to
contest it.Laboz justified leaving her out of the will by citing a
“prenuptial agreement, which limits her rights”.
Laboz signed the will in April 2014, nine months before he died. He left
behind a $37million (£24 million) fortune.The remainder of his wealth
will be given to charities,
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