Philip Seymour Hoffman refused to create a trust fund for his children

Philip Seymour Hoffman refused to create a trust fund for his children

Court filings surrounding Hoffman's will shed light on his views of child-raising.

New insight into actor Philip Seymour Hoffman has emerged with released court filings related to his will. The Oscar winner passed away at the age of 46 in February from a drug overdose, leaving behind a long-time partner Mimi O’Donnell and 3 children, Cooper, 10, Tallulah, 7, and Willa, 5.

In new court documents obtained by the New York Daily Post, Brooklyn attorney James Cahill, who was appointed guardian for the 3 Hoffman children, reported that Hoffman was deeply opposed to leaving his children a trust fund. According to conversations with his accountant, David Friedman, Hoffman did not want his children to be “trust fund kids.” Despite Friedman’s frequent suggestions that he create some such arrangement, Hoffman refused, insisting instead on leaving his fortune of an estimated $35 million to O’Donnell.

Cahill said that Hoffman “simply did not believe in marriage” but treated O’Donnell “as if she were a spouse” and felt confident she would “take care of the children.” Hoffman’s last will, made in 2004 before his daughters were born, did specify that if O’Donnell passed away before him, the money would go into a trust, but that obviously did not become applicable.

The will’s one other specific request regarding the children included Hoffman’s wish that they be raised “in a city with art or culture,” including San Francisco, New York, or Chicago as options. If that was not possible, Hoffman requested the children at least be allowed to visit those cities at minimum twice a year.

O’Donnell has not commented on the papers.

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