Earlier this year real estate mogul Maurice Laboz passed away at 77-years-old. He left behind two daughters and $37 million. His daughters will split $20 million but there’s some rules.
In an effort to keep Marlena, 21, and Victoria, 17, from becoming spoiled heiresses with no work ethic he left them with some rules.
1. Each gets $750,000 if they graduate from an acceptable, sorry “accredited” university. They also need to write 100 words on how they plan to spend that money.
2. Each will receive an annual payout of three times the income listed on their tax return starting in 2020.
3. $500,000 as a wedding gift from the grave, but only if the groom is someone daddy would approve of and only if he is willing to sign a pre-nup agreeing to keep his hands off the cash.
4. If they decide to have children and stay home they will receive 3 percent of the value of their trust once a year. In another attempt to make his girls as old school as him they only get this if their kids are born “in wedlock”.
5. In an interesting twist, he died before being able to successfully divorce his wife, he was trying though. He left her nothing in the will but said the sisters can earn that same 3% payout they get for grandkids if they become a caregiver to their mother.
6. Don’t marry Kanye West. Okay, that’s my addition.
7. If they don’t do any of this they can get a lump sum payout of their $10 million when they turn 35.
This may seem extreme but Estate lawyers say they see this from time to time. Usually, in people who are used to having control over others due to their monetary fortune. Even in death they want to maintain that control.
