Monday, May 30, 2011

Long Time To Wait

SAGINAW, Mich. (UPI) -- A $110 million fortune is being split by the family of a Michigan lumber baron who demanded his money not be distributed until after his grandchildren died.

Chief Probate Judge Patrick McGraw in Saginaw, Mich., ordered the money to be distributed Monday to 12 descendants of Wellington R. Burt, who died in 1919 and left instructions for his money to be held until 21 years after the death of his last grandchild, NBC "Today" reported Friday.

The final grandchild died in 1989 and 30 people claiming to be relatives began trying to retrieve the money in 2010, but genealogical research reduced the number of beneficiaries to 12.

NBC said the heirs range in age from 19 to 94 and are spread across eight states.

Historian Thomas Mudd described the will to NBC News as "one of the most bizarre, if not the most bizarre, ways of distributing money after death that I have ever run into."

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