Chayet & Danzo, LLC Chayet & Danzo, LLC
Call for a Free Initial Consultation
Direct 303-872-5980
Toll-Free 888-472-1088
Email Us
Compassion, talent and dedication: guiding colorado families and Their Trusted Advisors During Times of Need

Robin Williams left trusts for his 3 children

The recent suicide of actor and comedian Robin Williams has been all over social media and the news. As the former funnyman allegedly didn't leave a note, the reasons behind his final act of despair may never be fully understood by Colorado residents and others.

However, it is apparent that he loved his two sons, Zach and Cody, and daughter Zelda, and wanted to make sure that they were taken care of financially after he had passed on. Five years prior to taking his own life, Williams set up trusts for all three of the children.

The website TMZ obtained copies of the trust documents, which was not dependent upon their father's death. The documents indicated that all three received a third of their share upon turning 21. At 25, they received half of the remainder. On their 30th birthdays, his children receive their full share; Zelda and Cody have not yet reached that milestone.

The comic's net worth had once been estimated to be approximately $130 million. However, last year in an interview with Parade magazine, Williams admitted to being on the brink of bankruptcy after his two divorces proved quite costly and even though his movies have grossed over $5.1 billion.

The amount in the children's trusts was not made public. TMZ reported that Williams had significant funds independent of the trusts that will "almost certainly" be inherited by his current wife, Susan Schneider.

Williams' first two wives allegedly received more than $30 million total in both divorce settlements, and he revealed during the Parade interview that he would be selling his $35 million house to pay down his debts.

Regardless of your financial status, leaving your family in good financial straits upon your death is both a kindness and a good common sense move. Advice from an estate attorney can prove invaluable when it comes to setting up trusts.

Source: Yahoo, "Robin Williams set up a 3-part trust fund for his kids amid money troubles before death" Aly Weisman, Aug. 13, 2014

No Comments

Leave a comment
Comment Information

Watch Our Firm Video

We are the premier Elder Law firm in the Colorado region. We set ourselves apart from other law firms in the area with our talent, dedication, compassion and ability of our attorneys to handle any case in Elder Law. We serve Colorado families with experience and dignity in your time of need.

View More Videos

Denver Office
650 S.Cherry St., Suite 710
Denver, CO 80246

Toll Free: 1-888-472-1088
Phone: 303-872-5980
Fax: 303-355-8501
Denver Law Office Map

Edwards Office
105 Edwards Village Blvd.
Edwards, CO 81632

Toll Free: 888-472-1088
Toll Free: 1-888-472-1088
Fax: 303-355-8501
Edwards Law Office Map

Aspen Office
600 East Hopkins Avenue
Suite 301
Aspen, CO 81611

Toll Free: 888-472-1088
Toll Free: 1-888-472-1088
Fax: 303-355-8501
Aspen Law Office Map

  • Rated by Super Lawyers Macro Chayet
  • Rated by Super Lawyers Frank J. Danzo, III
  • Member National Academy of Elder Law Attorneys, Inc. TM
  • Avvo Rating 10.0 Superb Top Attorney Elder Law
  • 2015 Five Star Professional Wealth Manager Multi-Year Winner
  • Our new 2015 Medicaid Book: how to protect your Family's Assets from devastating nursing home costs
  • Proud Sponsor 2015-Denver Colorado Senior Law Day
  • Peer Review Rated For Ethical standards & Legal Ability TM Martindale Hubbell
  • Haystack