Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Thursday, February 6, 2014

Unattainable Inheritance Left to Britain

Britain

London lawmakers are trying to get their hands on a £350 million bequest to Britain, but one condition of the bequest is preventing them from doing so.

The half-million pound bequest was made to Britain in 1928 and has since mushroomed to £350 million.  The donor stipulated that trustee Barclays Bank should only hand over the money once Britain had amassed enough funds to pay off its entire national debt.  With a debt totaling £1.2 trillion, Britain may be waiting a while longer.

See Reuters, Mystery Donor Left Huge Inheritance for Britain . . . with a Twist, Daily Finance, Aug. 17, 2013. 

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/02/unattainable-inheritance-left-to-britain.html

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