Philip Seymour Hoffman - Philip Seymour Hoffman Rejected Trust Fund For Kids
Philip Seymour Hoffman rejected a plan to set up a trust fund for his children shortly before his death.
The actor passed away in February (14) after suffering a heroin overdose, and he left the bulk of his estate to his longtime partner Mimi O'Donnell, the mother of his three children.
Court documents filed as part of the proceedings have revealed the star discussed a plan to set up a trust for his children with his accountant in the year before his death, but rejected the idea because he didn't want his kids to grow up spoiled.
Attorney James Cahill, Jr., who has been appointed to protect the interests of Hoffman's children, Cooper, 10, Tallulah, seven, and Willa, five, revealed the actor's discussions with accountant David Friedman in the paperwork filed at Manhattan Surrogate's Court in New York City.
In the documents, obtained by the New York Post, Cahill, Jr. states that 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" because he didn't want them to grow up as "trust-fund kids".
The documents also reveal Hoffman wanted O'Donnell to be given spousal rights even though they were not married, with Friedman stating that the actor "simply did not believe in marriage".