Showing posts with label Wellington R. Burt. Show all posts
Showing posts with label Wellington R. Burt. Show all posts

5.11.2011

Wellington R. Burt's unusual will

Shutting Out the Kids from the Family Fortune

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.