Updated: Nov 30, 2020
A janitor and gas station attendant named Ronald Read died recently at age 92. Ronald’s life shows that you can become a multi-millionaire without a massive paycheck. Ronald came from humble beginnings. He was the first in his family to graduate high school. He served in North Africa, Italy, and the Pacific theater during World War 1.
After the war, he came home and married a woman with two children. He began working as a gas station attendant and janitor at JCPenney. Ronald was a very frugal man and never spent money unless he had to. He was an excellent stock picker as well and owned at least 95 stocks at the time of his death.
Unbeknownst to his family, Ronald had amassed an $8 million fortune. His generous spirit moved him to donate $1.2 million to the Brooks Memorial Library in Vermont. He also bequeathed $4.8 million to the local hospital where he regularly ate breakfast.
These generous donations were made possible because he made specific bequests in his Will. When you have a Will, you can make specific gifts to any person or organization that you would like. Without a Will, your property and assets are distributed according to the state’s laws of intestacy. Our attorneys can help you plan your estate so you can leave a legacy for your family and hometown, just as Ronald did.