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Daughters Get $20million Inheritance From Their Late Dad | But There’s A Tricky - Family - Nairaland

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Daughters Get $20million Inheritance From Their Late Dad | But There’s A Tricky by Yungkida(m): 8:26pm On Jul 29, 2015
A wealthy Manhattan landlord left $20 million to his two daughters — but they can collect only on his strict terms.

Daddy Dearest real estate millionaire Maurice Laboz, who died earlier this year, doled out early-bird bonuses to his girls in his will as long as they marry right, get good jobs and don’t even think about having kids out of wedlock.

The Laboz girls — Marlena, 21, and Victoria, 17 — are set to inherit $10 million apiece when they turn 35. But they can get their hands on some of the dough beforehand if they follow Daddy’s rules for the straight and narrow.

For example:

* Marlena will get $500,000 for tying the knot, but only if her husband signs a sworn statement promising to keep his hands off the cash.

* She nets another $750,000 if she graduates “from an accredited university” and writes “100 words or less describing what she intends to do with the funds” — with the trustees appointed by her dad to oversee her money responsible for approving her essay.

* Both daughters get a big incentive to earn decent salaries by 2020. Each young woman is guaranteed to receive an annual payout of three times the income listed on their personal federal tax return. In a not-so-subtle nod to the taxman, their checks will be cut every April 15.

* If the daughters have kids and don’t work outside the house, the trustees will give them each 3 percent of the value of their trust every Jan. 1. There’s one catch: The money flows only for a “child born in wedlock.”

* The sisters could earn the same amount being “a caregiver” to their mother, Ewa Laboz, 58, whom their father was in the middle of divorcing. She got nothing in the will and has indicated that she will contest it.



“It’s a way to control things from the grave,’’ said estate lawyer Jeffrey Barr, who is not involved in the case.

“You don’t see a lot of it, but it happens. People do it because…they think it’s for the good of the children.’’

Late Maurice Laboz signed the will in April 2014, about nine months before he died at age 77. He left behind a $37 million fortune.



He justified leaving his wife out of his will by citing a “prenuptial agreement, which limits her rights,” according to the document.

Ewa Laboz filed court papers last month contesting that, arguing she deserves a share of the pot because she was still married to her husband when he died.



The rest of Laboz’s fortune is set to go to charities, including The Michael J. Fox Foundation for Parkinson’s Research and Meals on Wheels

http://www.sugardaily.ng/daughters-get-20million-inheritance-but-theres-a-clause-attached-to-it/

Re: Daughters Get $20million Inheritance From Their Late Dad | But There’s A Tricky by ladyF(f): 8:26pm On Jul 29, 2015
This is serious!
Re: Daughters Get $20million Inheritance From Their Late Dad | But There’s A Tricky by Nobody: 8:27pm On Jul 29, 2015
Re: Daughters Get $20million Inheritance From Their Late Dad | But There’s A Tricky by Nobody: 8:32pm On Jul 29, 2015
Even from the grave, he is still the godfather of his house.
[/b]The Don Carlos of his house.[b].
The terms are still ok.
Re: Daughters Get $20million Inheritance From Their Late Dad | But There’s A Tricky by Nobody: 8:35pm On Jul 29, 2015
I love this. Saw something like that in a movie, can't remember the title now.
Re: Daughters Get $20million Inheritance From Their Late Dad | But There’s A Tricky by maverickdude(m): 8:44pm On Jul 29, 2015
Correct dad...evn afta death,he is still training his daughters
Re: Daughters Get $20million Inheritance From Their Late Dad | But There’s A Tricky by Gboliwe: 8:46pm On Jul 29, 2015
The man must have seen too many mafian movies grin

Indeed, controlling lives from the grave. Lol
Re: Daughters Get $20million Inheritance From Their Late Dad | But There’s A Tricky by CEtoO(f): 8:52pm On Jul 29, 2015
I like the part where he said "Marlena will get $500,000 for tying the knot, but only if her husband signs a sworn statement promising to keep his hands off the cash".

1 Like

Re: Daughters Get $20million Inheritance From Their Late Dad | But There’s A Tricky by crispberry(f): 9:00pm On Jul 29, 2015
O ga o. Just imagining how tough this man would be when he was alive
Re: Daughters Get $20million Inheritance From Their Late Dad | But There’s A Tricky by igorekpengmail: 9:19pm On Jul 29, 2015
It is better he is burried with the money

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