Houston Probate & Guardianship Attorney Houston Probate & Guardianship AttorneyAn interesting estate case came up in the news today. An American timber and iron tycoon named Wellington Burt just had his $100 million fortune divided after 92 years. Burt died in 1919 and before his death “he ordered that the majority of his fortune not be distributed until 21 years after the death of his last surviving grandchild.” I think it’s safe to say that he may not have been very fond of his family at the time. His fortune is being prepared for distribution to 12 different heirs ages 19 to 94. His 19-year-old great-great-great granddaughter is actually expected to receive $2.9 million.
American tycoon's fortune to be divided up after 92 years
The $100 million (£60 million) fortune of an American timber and iron tycoon, which has been out of reach for the past 92 years due to the terms of his will, is finally to be divided between his descendants.
By Jon Swaine, New York
TELEGRAPH.CO.UK
When Wellington Burt died in 1919 at the age of 87, in Saginaw, Michigan, he ordered that the majority of his fortune not be distributed until 21 years after the death of...
You can read more about this interesting estate story by clicking this link: Wellington Burt's Estate
Stephanie Mudgett Boates, P.C., represents clients in the cities of Houston, Memorial, Bellaire, Katy, Sugar Land, Richmond, Rosenberg, Cypress, Spring, Conroe, Tomball and Galveston and in the following counties: Harris County, Fort Bend County, Montgomery County, Brazoria County, Galveston County and Waller County.