Philip Seymour Hoffman Didn’t Want Three Children To Be “Trust Fund” Kids

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Philip Seymour Hoffman Children Trust Funds

By Michael Lewittes

Philip Seymour Hoffman Children Trust Funds

(Getty Images)

Philip Seymour Hoffman did not want his son and two daughters to be “trust fund” kids, according to court documents.

The Oscar winner, who died of an accidental overdose in February, intended instead for his estimated $35 million fortune to go to Mimi O’Donnell, his longtime partner and mother of his children.

Hoffman’s accountant David Friedman made the revelation to attorney James Cahill, Jr., who was appointed by the court to represent the interests of the actor’s three kids, Cooper, Tallulah, and Willa.

Cahill says in the Manhattan Surrogate Court filing that Friedman “recalled conversations with [Hoffman] in the year before his demise where the topic of a trust was raised for the kids and summarily rejected by him.”

Friedman reportedly said Hoffman made it clear, he “did not want his children to be considered ‘trust fund’ kids.”

According to the July 18 filing, Hoffman felt his girlfriend would “take care of the children,” and treated O’Donnell like a spouse, though he “simply did not believe in marriage.”

Based on Cahill’s recommendations, Hoffman’s will should be approved by the court.

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