Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Wednesday, July 23, 2014

Hoffman Refused to Leave Money for Children

Seymour hoffman

According to court documents, Phillip Seymour Hoffman rejected his accountant’s suggestion that he set aside money for his three children because he did not want them to be “trust fund kids.”

In a Manhattan Surrogate Court, Hoffman desired that his $35 million fortune to go to his longtime partner and the children’s mother, Mimi O’Donnell.  According to the filing, Hoffman’s accountant says O’Donnell was treated “in the same manner as if she were a spouse.”  A court-appointed attorney believes the actor’s will should be approved by the court.

See Associated Press, Hoffman Didn’t Want ‘Trust Fund’ Kids, USA Today, July 21, 2014.

Special thanks to Laura Galvan (Attorney, San Antonio, Texas) for bringing this article to my attention.  

http://lawprofessors.typepad.com/trusts_estates_prof/2014/07/hoffman-refused-to-leave-money-for-children.html

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