Wills, Trusts & Estates Prof Blog

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

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Tuesday, July 22, 2014

The Reasoning Behind Hoffman’s Surprising Estate Planning Decisions

HoffmanAs I have previously discussed, Philip Seymour Hoffman’s will included a request that his son, Cooper, be raised in cities other than Los Angeles. Through reports by Hoffman’s accountant, the will provision and other surprising estate planning decisions by Hoffman were intended to serve a protective purpose for his children. Hoffman was worried about his children becoming dependant on a large trust fund and took steps to prevent that outcome, including limiting the uses of the trust for Cooper to "education, support, health, and maintenance." 

See Suzy Byrne, Why Philip Seymour Hoffman Didn’t Leave His Fortune to His Children, Yahoo, July 21, 2014.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/07/the-reasoning-behind-hoffmans-surprising-estate-planning-decisions.html

Estate Planning - Generally, Non-Probate Assets, Trusts, Wills | Permalink

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