A friend just returned from a visit to his family in New England. Deep, backwoods, Steven King New England that is.
So one of his friends inherited a half million from his dad. But the will makes the amount payable when he turns ninety. I suppose this is a safeguard against the son wasting the money on whiskey women and cars.
But in truth, the son told my friend he sort of likes the idea. He is sixty-something and Dad died at 93 (fell out of a tree with a chainsaw). So he figures he just might be there to collect the cash, and even if he doesn’t the fact that it is there is nice. So many people are afraid of outliving their money.
If the son does not make it to ninety, it goes to the first grandkid to reach the big 90. By then interests might have increased the value of the bequest.
A little odd, but I sort of like the idea.