Philip Seymour Hoffman Did Not Want a "Trust Fund" For His Three Kids -- Find Out Why

Celebrity News Jul. 21, 2014 AT 12:35PM
Philip Seymour Hoffman The late Philip Seymour Hoffman told his accountant that he did not want a trust fund to be left for his three kids -- son Cooper, 10, and daughters Tallulah, 7, and Willa, 5 -- find out why. Credit: Jon Kopaloff/FilmMagic

Philip Seymour Hoffman refused to set aside money for his kids, because the late actor "did not want his children to be considered 'trust fund' kids," Page Six, which obtained court documents, reported Monday, July 21.

Hoffman's accountant David Friedman was recently interviewed by court-appointed attorney James Cahill Jr., who was hired to protect the interests of the children—son Cooper, 10, and daughters Tallulah, 7, and Willa, 5. According to a Manhattan Surrogate Court filing from Friday, July 18, Friedman recalled conversations with Hoffman "in the year before his demise were the topic of a trust was raised for the kids and summarily rejected by him."

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Friedman said Hoffman wanted his $35 million fortune to go to his longtime partner and the mother of his children, Mimi O'Donnell. In the filing, Friedman said the Capote actor believed his longtime love "would take care of the children."

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In the filing, Friedman also claimed to have "observed Hoffman treating his partner/girlfriend… in the same manner as if she were a spouse." The reason why Hoffman never married the costume designer was because he "simply did not believe in marriage." The two, despite their marital status, shared "substantial" joint bank accounts.

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Hoffman's will, which was written in 2004 before the births of his girls, also explicitly stated that his eldest child Cooper was to "be raised and reside in or near the borough of Manhattan [or] Chicago, Illinois, or San Francisco, California." The Oscar winner explained: "The purpose of this request is so that my son will be exposed to the culture, arts and architecture that such cities offer."

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Hoffman and his son were close. "My spare time is really about hanging out with my kids," the Hunger Games star told Us. "If I'm free, a good chunk of that is going to be thinking about how to hang out with them."

Hoffman was found dead in his NYC apartment back in February from died of "accidental acute mixed drug intoxication" at the age of 46. Mourning the beloved Hollywood and Broadway presence were his close pals like Justin Theroux, Joaquin Phoenix, Michelle Williams, and Amy Adams.

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