When Manhattan real estate millionaire Maurice Laboz died earlier this year, he left $20 million to his two daughters – but under very strict terms.
Marlena Laboz, 21 and her 17-year-old sister Victoria will get bonuses if they adhere to the rules set out in their father’s will.
Both girls will get $10 million each when they hit 35, but will pick up bonuses worth hundreds of thousands of dollars if they do what the will demands.
The New York Post reports that these terms include:
- $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”
Laboz left behind a $37 million fortune when he died, with the money left over going to charity. His wife, whom he was divorcing when he died, gets nothing.
The Post quotes estate lawyer Oshrie Zak as saying Labroz’s move is unsurprising.
“Accustomed to the control over others that their money affords them in life, the will is their last shot at controlling their loved ones.’
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