Robin Williams set up three-part trust fund for kids

Written By Unknown on Selasa, 12 Agustus 2014 | 20.50

Before his death on Monday, Robin Williams set up trust funds for his three children, Zachary, 31, Zelda, 25, and Cody, 22.

Williams — who was found dead of apparent suicide at age 63 — established a three-part trust so his children wouldn't receive the money in a lump sum, reports TMZ.

At 21, each child would receive one-third, at 25, they would get half of the remaining amount and at 30, the remainder would be handed over.

Because of Zelda and Cody's age, they are yet to receive the full amount.

It's unknown how much money Williams set aside for his children, but Williams' third wife, Susan Schneider, will likely receive a sizable amount of money, too.

Some estimates put William's net worth at $130 million in 2012. But in 2013, Williams revealed he was on the verge of bankruptcy after two divorces, reports Fox News.

In an effort to pay off his debts, Williams returned to TV to star in "The Crazy Ones" with Sarah Michelle Gellar and put his $35 million house on the market.

Robin Williams (R) and his son Cody (L) and daughter Zalda on April 23, 2006 in Los Angeles, California.Photo: Getty

"There are bills to pay," said Williams. "My life has downsized, in a good way. I'm selling the ranch up in Napa. I just can't afford it anymore," he told Parade magazine.

He divorced his first wife, Valerie Velardi, in 1988 and his second wife, Marsha Graces, in 2008. "Divorce is expensive," said Williams. "I used to joke they were going to call it 'all the money,' but they changed it to 'alimony.' It's ripping your heart through your wallet."

Robin Williams with his wife Marsha and son Zachary on August 22, 2002 in Beverly Hills.Photo: Getty


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