Court documents have revealed Philip Seymour Hoffman didn’t want his children to be what he called ‘trust fund kids’.
Court documents have revealed Philip Seymour Hoffman didn’t want his children to be what he called ‘trust fund kids’. An attorney appointed by the court during his estate proceeding to represent his children, recently questioned accountant, David Friedman, who handled the actor’s finances.
In a court filing, the accountant recalled conversations that he had with Hoffman prior to his passing regarding his kids’ financial future.
When the topic of a trust fund came up, the actor flat out refused to set one up. Friedman claimed he suggested Hoffman start a trust fund to ensure his children were financially stable but he wasn’t fond of the idea.
Instead he made out a will which left his roughly $35 million fortune to his longtime girlfriend and mother of his children Mimi O'Donnell. According to the July 18th filing in Manhattan Surrogate’s Court, Hoffman treated his partner “in the same manner as if she were a spouse.”
The court appointed attorney believes the actor’s will should be approved by the court, as there is nothing skeptical or disreputable about it. Hoffman passed away in his home earlier this year, in February. The coroner ruled he died from ‘acute mixed drug intoxication’.