05-18-2011, 06:51 PM
http://www.cbsnews.com/stories/2011/05/0...0958.shtml
Ninety-two years after his death, Saginaw lumber baron Wellington R. Burt is finally parting with the fortune he withheld from his descendants until 21 years after the death of the last grandchild born in his lifetime.
The estate is now valued at $100 million to $110 million. It will be shared among 12 of his heirs later this month.
Under terms of Burt's will, the bulk of the estate was to be distributed 21 years after the death of his last surviving grandchild.
Ninety-two years after his death, Saginaw lumber baron Wellington R. Burt is finally parting with the fortune he withheld from his descendants until 21 years after the death of the last grandchild born in his lifetime.
The estate is now valued at $100 million to $110 million. It will be shared among 12 of his heirs later this month.
Under terms of Burt's will, the bulk of the estate was to be distributed 21 years after the death of his last surviving grandchild.