Difference between revisions of "Wellington Burt"
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'''Wellington Burt''' was an American businessman (timber industry) and politician (mayor of [[Saginaw, Michigan]]). | '''Wellington Burt''' was an American businessman (timber industry) and politician (mayor of [[Saginaw, Michigan]]). | ||
| − | However, Burt is best known for his [[will (legal document)|last will and testament]]: due to long-standing family disputes, his will contained a clause that the estate would not be paid until 21 years '''''after''''' the death of his last (at the time of his death) living descendant. Although the will was challenged, the Michigan Supreme Court ruled that it was valid; outside of annuities (those Burt left to his children, except one disinherited, and many of his personal servants), a successful challenge under [[Minnesota]] law regarding iron leases Burt held there, and a later challenge settled out-of-court, none of his then living descendants received any of his estate. (The last living descendant died in 1989; the estate was paid in 2010 and 2011.) | + | However, Burt is best known for his [[will (legal document)|last will and testament]]: due to long-standing family disputes, his will contained a clause that the estate would not be paid until 21 years '''''after''''' the death of his last (at the time of his death) living descendant. Although the will was challenged, the Michigan Supreme Court ruled (under its interpretation of Michigan law and the [[Rule Against Perpetuities]]) that it was valid; outside of annuities (those Burt left to his children, except one disinherited, and many of his personal servants), a successful challenge under [[Minnesota]] law regarding iron leases Burt held there, and a later challenge settled out-of-court, none of his then living descendants received any of his estate. (The last living descendant died in 1989; the estate was paid in 2010 and 2011.) |
[[Category:Business]] | [[Category:Business]] | ||
[[Category:Michigan]] | [[Category:Michigan]] | ||
Revision as of 21:38, April 29, 2026
Wellington Burt was an American businessman (timber industry) and politician (mayor of Saginaw, Michigan).
However, Burt is best known for his last will and testament: due to long-standing family disputes, his will contained a clause that the estate would not be paid until 21 years after the death of his last (at the time of his death) living descendant. Although the will was challenged, the Michigan Supreme Court ruled (under its interpretation of Michigan law and the Rule Against Perpetuities) that it was valid; outside of annuities (those Burt left to his children, except one disinherited, and many of his personal servants), a successful challenge under Minnesota law regarding iron leases Burt held there, and a later challenge settled out-of-court, none of his then living descendants received any of his estate. (The last living descendant died in 1989; the estate was paid in 2010 and 2011.)