New York property mogul Maurice Laboz might have been generous enough to leave his children an exorbitant fortune but only if they play by his rules.
The multi-millionaire, who died earlier this year at age 77, reportedly bequeathed his daughters, Marlena, 21, and Victoria, 17 $10 million dollars apiece when they turn 35 but only if they follow some fairly unorthodox stipulations, reports the UK’s Mirror.
Among daddy’s demands each daughter has to graduate from a great university, marry a good husband, get good jobs and definitely not have children out of wedlock.
Each girl nets half a million dollars if they marry before 35 only if their hubby’s sign a sworn statement that they will not touch the money.
The reward for graduating “from an accredited university” is $1 million – provided they write 100 words or less describing what they will do with the cash and trustees of the will sign off on the proposal.
In a bid to encourage big salaries, in five years’ time each girl will receive three times the income listed on their annual tax returns.
They could also pocket the same amount if they provide care to their mother, Ewa Laboz, 58 who was married to their father but not included in the will as she was getting a divorce from the property tycoon at the time of his death.
Ms Laboz reportedly says she already has plans to contest the will.
If the daughters choose to not have jobs outside the home they will be given 3 per cent of the value of their trust every January 1 but only for children born in wedlock.
Jeffrey Barr, who is an estate lawyer expert not involved in the case told the Mirror the stipulations were a “way to control things from the grave.”
“You don’t see a lot of it, but it happens,” said Mr Barr. “People do it because they think it’s for the good of the children.”
Laboz signed the will in April 2014 – nine months before he died and left behind a $50 million fortune.
The rest of his money will be donated to charity, including The Michael J. Fox Foundation for Parkinson’s Research and Meals on Wheels.
