Father leaves $27m — but with catches

Two young New York women have become millionaires by inheritance, but there are a few catches.

Real estate millionaire, Maurice Laboz, left his daughters, Marlena, 21, and Victoria, 17, $27m, but there is a long list of terms, the New York Post reports.

First, they won’t get most of the money — $13m each —until they are 35, although they will get some if they follow their father’s rules.

Marlena will get $687,000 if she marries, but only if her husband agrees he will not go after her money. She will get another $1m if she graduates “from an accredited university” and writes “100 words or less describing what she intends to do with the funds”.

Trustees will oversee the will and the delivery of the cash. Starting in 2020, each daughter is guaranteed an annual payout of three times the income on their personal federal tax return. If the daughters have children and don’t work outside the home, they will each be given 3% of the value of their trust every January 1 — but they will only receive the money for a “child born in wedlock.”

Estate lawyer, Jeffery Barr, told The Post: “It’s a way to control things from the grave. You don’t see a lot of it, but it happens.”

Laboz signed the will in April, 2014, about nine months before he died, at age 77. He left a $50m fortune, with substantial amounts going to charities. His wife, Ewa Laboz, 58, was left nothing. They were in the midst of divorcing when Laboz died, and it is believed the two daughters will be given bonuses for acting as a caregiver for their mother.