An elderly German woman who died in late 2019 has bequeathed her entire $10 million stock and property portfolio to her community in a shock move.
Renate Wedel died at 81 after living in the Weiperfelden district of Waldsolms in Hesse since 1975 with her stockbroker husband, Alfred, who died in 2014 at 88.
Following her passing, the district was informed Wedel had left it and its six villages the couple’s bank balance, shares and valuables. Wedel’s sister was the original heir but she had already passed.
“I thought at first, this is simply not possible, I thought a comma had slipped, something is not quite right,” local mayor Bernd Heine told local media outlet Hessenschau.
The community needs to use the $10 million for community infrastructure and facilities.
Heine said the community is considering spending it on a kindergarten, cycling paths and buildings while an outdoor pool and public transport is also being considered.
“The community of Waldsolms posthumously thanks the Wedel couple for this important inheritance,” the community said.
“We will deal with it very responsibly, develop our community for the good of all and keep an honourable memory of both.”