And finally…Millionaire’s will conditions pioneer parenting beyond the grave



GraveHandA multi-millionaire New York property mogul will still have a say in his two daughter’s up-bringing after dangling cash incentive rewards for life goals they meet through his inventively-structured will.

Maurice Laboz, who died earlier this year, left behind a $37 million estate and daughters Marlena, 21, and Victoria, 17, will each inherit $10 (£6.4) million when they turn 35, no matter what.

But, their father has designed a will through which they can get their paws on the cash a bit earlier, as long as they attend an accredited university, marry well, find a good job and do not have a child out of wedlock.

Marlena, for example, will get $500,000 when she marries but only on condition that he husband makes a sworn statement promising not to touch the money.

Lawyers say such conditional wills are rare but some parents say they are doing it for the good of their children and not just as a way of controlling their lives.

In his will, according to The New York Post, Laboz also specifies that Marlena will collect $750,000 if she graduates “from an accredited university” and must also write “100 words or less describing what she intends to do with the funds” to convince trustees to pay out.

There’s an incentive to land a decent job by 2020. Each daughter is guaranteed an annual payout equal to three times their income.

And if they have children but are not working outside the house then they will be given 3 per cent of the value of their trust each year – but only for a “child born in wedlock”.

Still, they are doing better than his wife, whom he was in the process of divorcing when he died.

Ewa Laboz receives nothing in the will, which says she is provided for in a prenuptial agreement.

She has indicated that she will contest it.

Maurice Laboz signed the will in April 2014, about nine months before he died at age 77.