Tycoon's daughters who must wait ten years to inherit his $20m fortune are going to court to contest bizarre rules which include bonuses for marrying early and having children in wedlock
- New York City millionaire Mauric Laboz died earlier this year, aged 77
- He left each of his daughters, Marlena, 21, and Victoria, 17, $10million each
- But put list of stipulations or else they will have to wait until they turn 35
- Remainder of the $37million fortune will be given out to charities
Two sisters who cannot access their $20million inheritance until they are either married with children or turn 35, are taking their case to court.
Millionaire Maurice Laboz, who died earlier this year aged 77, decided daughters Marlena, 21, and Victoria, 17, will each be given $10million.
But the New York City real estate mogul stipulated that the pair can only collect it under his strict terms including getting married and graduating from an 'accredited university', if they want it before their 35th birthdays.
Seventeen-year-old Victoria Laboz (left) and her sister, Marlena Laboz (center), 21, were given strict rules to follow if they want to receive $10million each from their father's will. Their mother, Ewa Laboz (right), who their father was in the midst of divorcing when he died, was left out of the will
The siblings now hope to challenge the rules in a Manhattan court on August 12, the New York Post reports.
Laboz set out several rules for his daughters, where they can earn various thousands of dollars for completing his wishes.
Sisters: Marlena, 21, left, and Victoria, 17, right, could earn $750,000 if either of them graduates 'from an accredited university' in some of the controlling terms left by their father in his will
Starting in 2020, each daughter will be guaranteed an annual payout of three times the income listed on their personal federal tax return
For example, if she marries before 35, Marlena will get $500,000, but only if her husband signs a sworn statement that he will not touch the money.
She will earn another $750,000 if she graduates 'from an accredited university' and writes '100 words or less describing what she intends to do with the funds'. Trustees overseeing the money and appointed by Laboz must approve the essay.
Starting in 2020, each daughter will be guaranteed an annual payout of three times the income listed on their personal federal tax return.
They could earn the same amount if they act as 'a caregiver' for their mother, Ewa Laboz, 58, whom their father was in the midst of divorcing when he died.
Ewa Laboz, 58, whom the girls' father was in the midst of divorcing when he died was left out of the will and says she has plans to contest it
Ewa Laboz received nothing in the will and has also said that she plans to contest it.
Laboz justified leaving her out of the will by citing a 'prenuptial agreement, which limits her rights'.
'People try to control from the grave, but I've never seen it as bad as this,' said lawyer Raoul Felder.
Laboz signed the will in April 2014, nine months before he died. He left behind a $37million fortune.
The remainder of his fortune will be given to charities, including The Michael J Fox Foundation for Parkinson's Research and Meals on Wheels.
Rules: Millionaire Maurice Laboz left his daughters a combined $20million in his will but included stipulations like they must get married, before they can inherit it (file picture)
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