Philip Seymour Hoffman: And To My KIDS I Leave NOTHING

Philip Seymour Hoffman bequeathed a total of ZERO to his son and two daughters, according to documents filed in Manhattan’s Surrogate Court.

Hoffman had told his accountant that he “did not want his children to be considered ‘trust fund’ kids,” but nobody expected the eccentric actor to leave his own children, a grand total of zip, squat, zulch.

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Hoffman’s decision seems to hint at a common worry among the wealthy.In late June, a survey by law firm Withers LLP found that the second biggest concern for respondents who are worth $10 million or more was that their children “will lack the drive and ambition to get ahead.” Continue reading

Courtney Love Trades Daughter Kurt’s ‘Name Rights’ for Loan Out of Daughter’s Trust Fund!

Vintage Kurt, Frances, Courtney

Frances Bean Cobain, only daughter of the late Kurt Cobain and still barely living Courtney Love’s, has taken over control of the publicity rights of Father Kurt’s name, likeness and appearance.

Mother Love had the rights, until she asked for a $2.75 million loan from Frances’ trust fund (Kurt’s money) in 2010, temporarily trading Kurt’s name for the cash. Love is supposed to get the rights back from Frances, but only when she pays back the loan. Continue reading