Burt's Spiteful Inheritance Clause

Burt's Spiteful Inheritance Clause

American lumber baron Wellington R. Burt (1831-1919) did not leave his $100,000,000 estate to his children. His will included a "spite clause," which denied any inheritance until 21 years after the death of his last surviving grandchild. The money sat in a trust for 92 years until 12 descendants finally shared $110 million in 2011.

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