Wellington R. Burt's unusual will
Excerpt:
Wellington R. Burt was a rich timber baron from Saginaw, Mich. He died in 1919 with a multimillion-dollar fortune -- one of America's largest at the time.
Yet rather than risk messing up his kids lives with a huge inheritance, he created an unusual will.
He stated that his fortune would be distributed to the family -- but only 21 years after his grandchildren's death.
Comment: Wiki on Burt | CBS news | Extensive 4 part series on MLive
A Christian perspective on estate planning. All of ones' monies (wealth) is the Lord's. To leave money to children who reject Christ would dishonor that stewardship.
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