Robin Williams: Actor Left Behind Huge Trust For His Three Children

Thu, August 14, 2014 12:39pm EDT by 4 Comments 54,523 Article Views

Contrary to reports claiming Robin Williams was struggling financially, the funnyman had ‘significant’ trust funds set up for his three children. They even came with restrictions, so that his kids would not be overwhelmed or take advantage.

Robin Williams, 63, was a smart guy. Years before his untimely death, the legendary actor carefully curated three trust funds for his children — Zak, 31, Zelda, 25, and Cody, 22 — hoping that his restrictions would keep them financially stable for years to come. Interestingly enough, the trust funds were not dependent on his death, so at least one of his children has already received their full trust.

Robin Williams’ huge Trust Funds For Children

Multiple reports are claiming that Robin may have been facing bankruptcy when he allegedly killed himself on Monday, Aug. 11. However, the reports about the three trust funds he set up for his children prove otherwise.

According to TMZ, the trust accounts were set up in 2009 — just four years before he died. In an interesting turn of events, the trusts were not dependent on his death. They also came with age restrictions, which means each child only had access to a certain amount after they reached a certain age.

The restrictions were as follows: Each child received 1/3 of their trust at the age of 21. At 25 they received 1/2 of what was left in the trust, and at 30 they received the remaining amount.

Since Robin’s oldest child, Zak, is now 31, he already has full access at his entire trust. His daughter, Zelda, will receive her final amount in five years, and his youngest son, Cody, has only received his first 1/3.

Unfortunately, it is unknown how much each of these trust funds were worth for each child. It is obvious that Robin was very careful with the money he left his children, hoping they would not waste it away as so many young people do when receiving a large sum of money.

Robin May Have Been Worth $130 Million When He Died

Another bit of information that could confirm Robin was not struggling financially is that just two years before his death he was estimated to be worth MILLIONS. $130 million, to be exact, according to TMZ once again.

The report suggests that Robin still had a substantial amount of money in his name at the time of his death, which is likely to be given to his wife, Susan Schneider.

One thing is for sure: Robin made sure that his family was well taken care of, despite any and all financial strains he may have felt over the years.

Our thoughts remain with Robin’s family, especially his wife and three children, during this difficult time.

– Lauren Cox

More Robin Williams News:

  1. Robin Williams: First Look At His Next Film ‘Merry Friggin’ Christmas’
  2. Conan O’Brien: Watch His Story About Robin Williams Buying Him A Bike
  3. Jimmy Fallon Breaks Down During Robin Williams Tribute — Watch

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Sherissa ranieri

Posted at 11:47 PM on August 29, 2014  

I’m sad why did he have to die:( R.I.P😇:(😢

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Malaysia

Posted at 1:23 PM on August 16, 2014  

If you wrote – “Unfortunately, it is UNKNOWN how much each of these trust funds were worth for each child. “, then WHY does your headline say HUGE trust??????????? Sensational much???????

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Ann

Posted at 10:36 AM on August 23, 2014  

It is far from “unfortunate” that the exact sums of the trusts held by the Williams children are not known. What is “unfortunate” is that the public should care about this information. An article educating the public about the disease of depression, which can be serious and sometimes fatal, as in this case, would be a far more judicious use of space. Robin Williams, by all accounts, was a good, kind, and sensitive man who gave freely his time, money and considerable talent during his lifetime. While I am happy that he provided financially for his children it is really none of our business. I am certain that if each had a choice; if that was possible, they would have given any amount of money to have their father back.

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Ann

Posted at 2:02 PM on August 23, 2014  

Yes, they sensationalized, but that’s their job. You’re missing the point…. They could have reported that his children were receiving trust funds that he had put in place before his death. The real objection was the use of the term “unfortunately” to describe not knowing their precise amounts. That is not unfortunate at all. We, the public, are saddened by the tragedy of his death…that we will miss his presence and light, his gifts in comedy and acting, his humanitarian efforts on behalf of many people, friends or strangers…THAT is unfortunate. However, to not be told how large or small his children’s trust funds are is NOT.

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