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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsImagine inheriting millions of dollars but there is one little catch
You don't get a dime of it until you are freaking 65 years old.
Walk in for the reading of the Last Will and Testament with great big smile on your face thinking about the wealthy, young, playboy life you are about to start leading and come out crying like a baby.
Imagine thinking about that for a couple of decades. Bet it it sure could eat at someone.
Almost like a story out of Twilight Zone.
Don
http://articles.latimes.com/1989-12-13/local/me-242_1_lindsay-crosby
Lindsay Crosby Suicide Laid to End of Inheritance Income
December 13, 1989|ASHLEY DUNN | TIMES STAFF WRITER
Lindsay Crosby, the youngest son of Bing Crosby from the famed crooner's first marriage, shot himself to death in a Las Virgenes apartment after learning that the inheritance he relied on to support his family was gone, a family spokeswoman said Tuesday.
Just 11 days earlier, Crosby and his three brothers had been told by attorneys that the oil investments their late mother, Wilma Wyatt, made for them had gone broke, said Marilyn Reiss, spokeswoman for Lindsay's older brother, Gary.
For Lindsay, the news was the "last straw" after years of battling alcoholism, depression and the strain of living under the shadow of his famous father, Reiss said.
Bing Crosby married actress Kathryn Grant in 1957 and raised a second family. At his death in 1977 at age 73, he left his money in a blind trust, which none of the sons--whose youthful escapades were well documented by the news media--could touch until age 65.
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http://en.wikipedia.org/wiki/Bing_Crosby
Gary Crosby died in 1995 at the age of 62, and 69-year-old Phillip Crosby died in 2004.
It was revealed that Crosby's will had established a blind trust, with none of the sons receiving an inheritance until they reached the age of 65.
Lindsay and Dennis Crosby each committed suicide, shooting themselves with shotguns in 1989 and 1991, respectively. Nathaniel Crosby, Crosby's youngest son from his second marriage, was a high-level golfer who won the U.S. Amateur at age 19 in 1981, at the time the youngest-ever winner of that event (a record later broken by Tiger Woods). Harry Crosby is an investment banker who occasionally makes singing appearances.
xchrom
(108,903 posts)monmouth
(21,078 posts)closeupready
(29,503 posts)??
snooper2
(30,151 posts)Let me know when you hit the early 90's, those were some good years
MicaelS
(8,747 posts)They would have probably been taught from an early age to get out, get a job and be self-supporting, instead on living as the spoiled children of a rich man.
Bing Crosby married actress Kathryn Grant in 1957 and raised a second family. At his death in 1977 at age 73, he left his money in a blind trust, which none of the sons--whose youthful escapades were well documented by the news media--could touch until age 65.