The 'Capote' actor explained that he would leave nothing for his three children because he 'did not want his children to be considered 'trust fund' kids.'
- Jul 22, 2014
AceShowbiz - Philip Seymour Hoffman's three children will inherit nothing from their father. According to court documents obtained by New York Post, the "Capote" actor who passed away earlier this year at the age of 46 left all of his fortune to his longtime partner Mimi O'Donnell.
According to the paper, the Oscar-winning actor had about $35 million. However, he did not leave the money for his children, Cooper, Tallulah and Willa, because he "did not want his children to be considered 'trust fund' kids."
The late actor's accountant David Friedman shared some details of the will in an interview with a court-appointed attorney James Cahill, Jr. who represents the interests of the three children. In the Manhattan Surrogate Court filing, 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."
The July 18 filing also mentioned that Hoffman believed O'Donnell would "take care of the children." Although Hoffman once said he "simply did not believe in marriage," Friedman "observed Hoffman treating his partner/girlfriend ... in the same manner as if she were a spouse." According to the document, the couple had a "substantial" joint bank account.
Hoffman was found dead in his apartment in NYC in February due to "accidental acute mixed drug intoxication, including heroin, cocaine, benzodiazepines, and amphetamine." In his will, which was made in 2004, Hoffman also said that he wanted his son to be "raised and reside in or near the borough of Manhattan [or] Chicago, Illinois, or San Francisco, California."
