Thursday, 30 July 2015

American Millionaire Left $20 Million Wealth For His Two Daughters But With Some Strict Conditions.

American real estate mogul, Maurice Laboz, is worth a total of $37 million as at the time of his death earlier this year. He left $20 Million for his two daughters, Marlena Laboz, 21 and her 17-year-old sister Victoria - with strict conditions, and the difference goes to charity. His wife, whom he was divorcing gets nothing.

They will get $10 million each when they clock 35-year-old but before that they they are entitle to bonuses if they adhere to the following conditions.
  • $500,000 for Marlena if she gets married to a man who signs a pre-nuptial agreement
  • $750,000 for Marlena if she graduates from “an accredited university” and writes a 100-word essay on what she plans to do with the cash, which will then be approved by trustees
  • Both girls will be paid three times their annual salary from 2020
  • If they have kids and don’t work, they get 3% of the value of their trust at the start of every year – but only if the children are born “in wedlock”

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