By Jon Swaine, New York
May 12, 2011
An 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.
You can read more about this interesting estate story by clicking this link:
American tycoon’s fortune to be divided up after 92 years