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Tuesday, 28 July 2015
Millionaire's daughters to inherit fortune but his will has some shocking terms and conditions
Maurice Laboz is leaving $10m to his daughters but only if they abide by his draconian terms and conditions.
Victoria (from left) and Malena Laboz with their mother
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”.