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Daughters inherit $20 million, only if they follow the instructions in daddy's scary will

Daughters of millionaire Maurice Laboz will inherit $20 million only if they follow the instructions on their father's scary will.

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FP Staff|Jul 29, 2015, 19:53:50 IST
We've heard of parents trying to control their children's lives but late millionaire Maurice Laboz probably took this habit to an entire new level.[caption id="attachment_2370292" align="alignleft" width="380"]Representational image. Agencies

Representational image. Agencies[/caption]Seventy seven-year-old Laboz passed away in January, 2015 and left behind a $37 million fortune, according to Metro. Out of that money, his three daughters inherited around $20 million. But the inherited money has come with so many restrictions specified in Laboz's will that it's difficult to decide whether the girls should feel happy or sad.For example, 21-year-old Marlena Laboz will only get $500,000 before she is 35 years old if she marries and her husband signs a contract promising never to touch the money.As if the marriage rule wasn't enough, New York Post also reported that Marlena will get 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."If they get a job, both the daughters will also get an annual payout of three times the income which they earn after getting the job."It’s a way to control things from the grave," NY Post quoted estate lawyer Jeffrey Barr as saying. "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."

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First Published:Jul 29, 2015, 19:53:50 IST
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