WEALTHY MAN'S WILL

Evening Star, Issue 21493, 18 August 1933, Page 12

WEALTHY MAN'S WILL

FEAR CF SUDDEN WEALTH

FORTUNE FOR EONS DEFERRED

Precautions against his sous slackening their interest in his business through coming into sudden wealth acre taken in the will of Edgar Samuel Edgar, a London merchant and jeweller, who left £401.972 with a not personalty of £ 12:1,21 5. In Jiis will Mr Edgar said; “ I desire that my sons shall not by reason of my dealli become suddenly possessed of considerably more means than they have been accustomed tc in my lifetime, and so be led to slacken their interest in the maintenance and successful carrying on of my said businesses, and I intend to postpone giving each of them the bulk of the benefits I contemplate ultimately giving them until my son, Gilbert Harold Samuel, attains the age of 45 years. “ As it will be imperative that my sons shall devote most close and neverceasing care and attention to my businesses, 1 expicssly .stipulate that they shall not prior to the year 101 .‘i become candidates for or enter Parliament or undertake any other public office. “ Having seen the disastrous result.-, following rash speculations on the Stock Exchange, 1 solemnly request each of

my sons scrupulously to refrain from speculating in any shape or form.” Mr Edgar directed that each son should receive £1,600 a year for the first two years after his death. £I.BOO a year for the next two years, and thereafter an increase of £2OO a year at the end of each two years until 1942. He also made the request that •<!« children should ‘‘ observe the day of the anniversary of my 1 as a solemn period, free from festivity, for five years after my death.” Should his daughter marry a _ 'born Jew still,professing the Jewish religion, Mr Edgar left, her £I,OOO for her trousseau. ami a further £IO.OOO in trust for her benefit and that of her children, and at the expiration of live years from such marriage a further £I,OOO, and at the end of ten years £5,000. Mr Edgar directed that the residue of the proudly-should accumulate until January 1, 191,0, and then go to Ids sons or their issue.