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