Philip Seymour Hoffman: Can a Trust Create Spoiled Children? – EP. 96 – Life’s Third Act
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Join Joe Cordell, Attorney-CPA, and researcher Marlea Parson in discussing the late, great Philip Seymour Hoffman and his views on trusts and inheritance.
Learn about the fascinating life of this acclaimed actor and the unexpected twists in his estate’s distribution. With an estate valued at over $35 million, Hoffman’s legacy was overshadowed by complex legal issues.
Explore the consequences of his decision to leave everything to Marianne O’Donnell, the mother of his children, and the challenges it posed. Despite the significant estate tax implications, he was determined not to create trust funds for his kids. Learn about the legal steps taken to resolve the complexities arising from his outdated will and the birth of his two younger daughters, shedding light on the importance of precise and adaptable estate planning.
Don’t miss this episode as Mr. Cordell and Ms. Parson unravel the captivating story of Philip Seymour Hoffman’s estate and the enduring lessons it provides.