| CNN.com - Top Stories |
| CNN.com delivers up-to-the-minute news and information on the latest top stories, weather, entertainment, politics and more. |
Mandela's children, staff inherit in will
2/3/2014 9:45:49 PM
- Nelson Mandela's will was read out in Johannesburg on Monday
- His estate is split among family, former staff, schools and the African National Congress
- Mandela's third wife may waive her claims to half of the estate, opt for other assets
- The revered statesman died in December at age 95
(CNN) -- Former South African President Nelson Mandela left his $4.1 million estate to family members, former staff, schools and the ruling African National Congress, according to a reading of his will Monday.
At a news conference where he summarized parts of the revered statesman's will, Deputy Constitutional Court head Dikgang Moseneke said the estate was provisionally valued at 46 million rand ($4.1 million), excluding royalties. It had been read to Mandela family members earlier in the day.
Moseneke told reporters that Mandela's third wife, Graca Machel, may waive her claims to half of the estate and opt for specified assets that include properties in her native Mozambique.
A statement about the will was published on the Nelson Mandela Foundation website.
Asked what the mood was among Mandela family members at the reading of the will, Moseneke said: "Reading wills are always occasions charged with emotion."
He added that the mood had been good, with relatives seeking clarifications from time to time, and virtually the entire family was present, he said, according to the statement.
Schools, staff remembered
Mandela, who died in December at the age of 95, left behind an estate that includes a house in Johannesburg, a dwelling in his rural Eastern Cape home province and royalties from book sales.
In the past, Mandela's children and grandchildren have clashed over who leads the family and who should benefit from his investments.
Moseneke said some of the estate would be split among trusts set up by Mandela, including a family trust designed to provide for his more than 30 children, grandchildren and great-grandchildren.
Each of the Mandela children and some of his grandchildren received $300,000.
The home in Houghton, Johannesburg, where Mandela died, will be used by the family of his deceased son Makgatho.
"It is my wish that it should also serve as a place of gathering of the Mandela family in order to maintain its unity long after my death," Mandela wrote.
Close personal staff, including Mandela's longtime personal assistant Zelda La Grange, each get around $4,500, and the schools and educational institutions the anti-apartheid hero attended are due to receive more than $8,900 each. Mandela also left equivalent amounts for grants and scholarships at other schools.
The African National Congress could receive a portion of his royalties. Those would be used at the discretion of the party's executive committee to spread information about the principles and policies of the party, particularly about reconciliation.
The will was first written in 2004 and last amended in 2008.
READ: Mandela laid to rest in Qunu, ending a journey that transformed South Africa
READ: Nelson Mandela: His impact on American activism, politics and pop culture
CNN's Richard Allen Greene contributed to this report.
You are receiving this email because you subscribed to this feed at feedmyinbox.com
If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
No comments:
Post a Comment