Monday, July 21, 2014

Late Philip Seymour Hoffman Left No Inheritance For 'Trust Fund' Kids, Gives Everything to Partner

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Philip Seymour Hoffman didn't want to leave any money to his three young children with Mimi O'Donnell, court documents have revealed -- supporting wishes expressed by the actor in a nearly 10-year-old will that went public in February.

Hoffman "did not want his children to be considered 'trust fund' kids," according to a new filing obtained by the New York Post.

And there's a bundle of money to be had: about $35 million, the paper said.

Hoffman died of an overdose in February at age 46, leaving behind a son and two daughters: Cooper, 10, Tallulah, 7, and Willa, 5. In his October 2004 will, the "Capote" Oscar winner gave everything to his longtime girlfriend, with Cooper as a backup in case O'Donnell had passed away. At the time the will was signed, however, the girls were not yet born.

The new details were gleaned from an interview of Hoffman's accountant that was conducted by a court-appointed attorney representing the children's interests in the resolution of the estate.

The accountant said Hoffman had more than once "summarily rejected" the idea of setting up funds for the kids, the Post said. O'Donnell would take care of them, the actor believed.

Hoffman treated O'Donnell as if she were his spouse, the accountant said, but he "didn't believe in marriage."

Though the two were not living together when he was found dead, the accountant said the presence of "substantial" joint accounts backed up the will.

1 comment:

  1. no-trust-fund-kidJuly 22, 2014 8:10 AM

    Why is this such big news? I would understand if the lady in question were someone other than the kids mother. As it turns out, the kids are very young and she is their mother. Nothing unusual here.


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