Tuesday, February 11, 2014

Nelson Mandela Entrusts $4.1M Estate to Family, Staff, ANC and Schools


Former South African President Nelson Mandela left his $4.1 million estate to his family, staff, several schools and the African National Congress — the nation's ruling political party of which he was a member — according to a public reading of his will on Monday.
Many expected Mandela's surviving family members to quarrel over how the money was allotted after his wishes were made public, but South African Deputy Chief Justice Dikgang Moseneke, who read out the anti-apartheid hero's will, reportedly said nothing has been contested. The Nelson Mandela Foundation website published a memo that went along with the will, which we've embedded, below.
After Mandela's will was read to his family in the hours before the public announcement, Moseneke said they only asked for a few clarifications, according to Reuters.
The former president's third wife at the time he died, Graca Machel, is entitled to half his estate under South African marital law, though she could decide not to accept it. If she does, it's not clear what effect that would have on the will's implementation.  MORE

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