The real reason why Philip Seymour Hoffman left all of his $35 million fortune to his estranged partner, Mimi O’Donnell, instead of their three children has finally been revealed.
When Philip Seymour Hoffman died on Feb. 2 at 46, most people were shocked to learn that he did not leave any of the money he made acting to his three children. Now, the actor’s accountant, David Freidman, has revealed the reason for Philip’s decision — and it may shock you.
Philip Seymour Hoffman Didn’t Leave Any Of His $35m Fortune To His 3 Kids
If you were baffled by Philip Seymour Hoffman not leaving his three beloved children a piece of his financial pie, here are the answers you have been waiting for.
Not surprisingly, the brilliant actor had a very good reason for leaving his fortune to their mother, Mimi O’Donnell, despite the fact that the couple were estranged at the time of his sudden death.
According to James Cahill, the legal guardian for Philip’s three children, his former attorney revealed that the actor refused to turn his children into “trust fund” kids.
“Specifically, Mr. Friedman recalled that (Hoffman) told him he did not want his children to be considered ‘trust fund’ kids,” read legal papers filed by James at the Manhattan Surrogate Court, reports the New York Daily News.
David reportedly suggested the idea “several times” over the years, but Philip would not budge. The actor was much more into the idea of leaving his money to Mimi, claiming to his accountant that he knew no matter what happened Mimi would continue to care for their children.
PSH’s Will Was Drafted Before His 2 Daughters Were Born
What some people don’t know about Philip’s will is that it was written long before he was a father-of-three. The reality is that it was drafted just after his first child was born, and had not been updated to address his second and third children at the time of this death.
The actor had only one request in his last will, which applied to his son, Cooper: he did not want them raised in Hollywood. Instead, he asked for Chicago, New York, anything other than Los Angeles.
Now that Mimi has $35 million, we’re sure she is not having any problem staying in the city and keeping his kids out of the spotlight.
Tell us HollywoodLifers — Did Philip make a good decision? Was he smart to leave his money to his partner, Mimi? Let us know your thoughts below.
— Lauren Cox