When Manhattan Real Estate millionaire Maurice Laboz died earlier this year he was worth $37 million with the lion’s share of his fortune going to his two daughters who are 17 and 21 years old, but these girls have strict stipulations in this will to claim this money. It seems that Laboz was going to still oversee his daughter’s spending from the grave.
According to Yahoo News UK on July 28, The girls will each receive $10 million when they hit 35 and if they do as their dad wishes, they will pick up bonuses along the way worth hundreds of thousands of dollars. According to a lawyer, Oshrie Zak, this bizarre setup isn’t at all surprising to him. He said that rich people sometimes are “accustomed to the control over others that their money affords them in life, the will is their last shot at controlling their loved ones.”
According to Women’s Weekly, the 77-year-old real estate mogul had the typical parent’s dream of college and family for his girls. Now that dream becomes somewhat of a demand as he reaches out from the grave with his purse strings. He wants his daughters to graduate from a good college, marry a good man who will sign a pre-nup so he can never get any of their money. He also wants them to have kids, but only within a marriage, and when they do he’s paying a nice bonus if his girls become a stay-at-home-mom! He has some old fashion demands for his kids!
Apparently Marlena Laboz, 21, and her sister, Victoria, who is 17, have found out what it is like to be rich in name only! His trustees are handling the money and making sure the girls abide by all his wishes before living the life of a millionaire. When Maurice Laboz died, he was in the process of getting a divorce and his wife gets absolutely nothing.
After the girls hit 35 and get their final windfall, any money left over will go to charity. As far as the stipulations lined up for the girls, the terms include:
$500,000 will go to Marlena if she gets married to a man who signs a prenup 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. Then the father stipulated that both girls will be paid three times their annual salary from 2020. If his daughter’s 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.”
It looks as if Maurice Laboze will be orchestrating his daughters’ lives from the grave for another 15 years or so. While it is wonderful for the girls to have such an endowment, not knowing what it is like to make your own decisions with the money sounds just a bit too careful on dad’s part. Maybe they will be known as the “almost rich kids!”