Hoffman Left His Kids Out of Will
Longtime girlfriend trusted to keep them from being 'trust fund' kids
By Shelley Hazen, Newser User
Posted Jul 21, 2014 9:36 AM CDT
Updated Jul 21, 2014 10:27 AM CDT
In this Jan. 19, 2014 file photo, Philip Seymour Hoffman poses for a portrait during the Sundance Film Festival, in Park City, Utah.    (AP Photo/Victoria Will/Invision/AP)

(Newser) – Philip Seymour Hoffman left behind a $35 million estate, but not a penny to his three children. The late actor apparently worried that Cooper, 10, Tallulah, 7, and Willa, 5, would be "trust fund" kids, the New York Post reports. Hoffman also stipulated in his will—written before his daughters were born—that Cooper be raised near the "culture, arts, and architecture" of either Manhattan, Chicago, or San Francisco. Despite his accountant’s desire for Hoffman to set up the trust fund, the will stipulates his entire fortune go the children’s mother, costume designer Mimi O’Donnell, whom the accountant says Hoffman treated "in the same manner as if she were a spouse." She kicked him out of their apartment before he died over his drug addiction.

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Virgil Cutty
Jul 22, 2014 9:01 PM CDT
A trust fund and its administration can be as good as its trustee, but the "wisdom" of a junkie is always just that... a junkie.
Duncan Green
Jul 22, 2014 8:58 PM CDT
its his money...its his decision...
Jul 22, 2014 5:27 PM CDT
His money, his choice. I suspect Mom will issue occasional cash disbursements to the kids, and take care of their basic needs as they leave the nest.