Search

got a tip? call (866) 667 - 2327 OR

E-mail us a tip

A Lasting Legacy: Robin Williams Made Plans To Leave His Fortune To His Kids In The Years Before He Died — Inside The Secret Trusts

Getty
Getty

As Robin Williams’ children mourn their father, they can at least take some comfort in the fact that their well-being was always at the forefront of his mind. RadarOnline.com has learned that not long after the birth of his first son, Zachary, Williams established a trust that would cover his firstborn child’s every need, and years later, he opened another covering his other children as well.

According to legal documents filed by Williams and obtained by Radar, he first established a financial trust on December 26, 1989, roughly six years after the birth of his son, Zachary “Zak” Pym Williams, with first wife Valerie Velardi, and just months after the birth of Zelda, born on July 31, 1989, to his second wife, Marsha Garces.

Originally filed as part of his divorce from Velardi, its purpose was “to provide a source from which their may be paid to Valerie Velardi Williams … sums called for by that agreement” in the event of Williams’ death — I.e., alimony and child support.

READ The Documents Divvying Up Williams’ Millions

By March 30, 2011, it was updated with a note that Velardi would no longer profit in the event of Williams’ death, as “all spousal support obligations” had been satisfied, and that Zak would be the “sole beneficiary” of that trust.

Zak was also “entitled to distributions of principal in such amounts as the Trustees consider necessary for … support, education, and medical care.”

According to documents obtained by Radar, Williams established another trust covering all the children in December 2009, in the midst of his divorce from Garces. The full extent of that trust’s disbursement was planned to occur in stages: “When the beneficiary reaches the age of 21 years … [they would receive] one third (1/3) of the principal.” At 25, they would receive “one half (1/2) of the remaining principal,” and at 30 they would receive “the remaining trust property … outright.”

READ About The Second Trust To Care For For His Kids

The kids were due the money even if Williams had lived. The amount that remained in the trust after Williams’ two costly divorces from Velardi and Garces remains in question, but the trust documents noted that the fund would be dissolved “if the value of the trust falls below one hundred thousand dollars.”

As Radar has reported, Williams was found dead by asphyxiation on Monday afternoon at his home in Tiburon, California.

If anyone you know, is struggling with thoughts of suicide, please immediately seek help. You can speak with a skilled, trained counselor at a national Suicide Prevention Lifeline crisis center in your area, anytime 24/7 — call 1-800-273-TALK (8255).

FULL COVERAGE:

Shocking Theory: Robin Williams’ Pal Rob Schneider Believes Parkinson’s Disease Medication Could Have Led Star To Suicide

4 Latest Developments In Robin Williams Death: Michael J. Fox Reacts To Parkinson’s Revelation, Gaming Community Moves For Multiple Tributes To Late Actor

Robin Williams’ Haunting Final Photos: Tragic Comedian Was Snapped Looking Somber, Gaunt In San Francisco-Area Gallery Two Days Before Death

Shattered Dream: Robin Williams & Wife Had Hoped To Have Kids Together Before His Suicide, Says Source

Robin Williams Was In The ‘Early Stages’ Of Parkinson’s Disease, Wife Reveals

It Wasn’t A Relapse: Robin Williams Told Wife He ‘Had Nothing To Live For’ Before Suicide — Summer Rehab Stay Was For ‘Deep Depression,’ Claims Source

Robin Williams’ Life Was Scarred By Drugs And Booze—Star Was Haunted By Pal John Belushi’s ‘Speedball’ Overdose

5 Latest Developments In Robin Williams Death: Star ‘Insisted’ On Boozing During Filming Of CBS Show, Dreaded Emotional Investment In Movies

It’s Throwback Time: See Robin Williams’ Childhood Photos

‘The Final Fight Is Over’ — Husband Of The Assistant Who Found Robin Williams’ Body Speaks Out About His ‘Heartbreaking’ Last Days

Robin Williams Was Sleeping Up To 18 Hours A Day — Inside His Dark Depression

5 Latest Developments In Robin Williams Death: Kids Break Silence, Daughter Deals With Bully Trolls, While Late Night Kings Pays Homage

A Lasting Legacy: Robin Williams Made Plans To Leave His Fortune To His Kids In The Years Before He Died — Inside The Secret Trusts

The Woman Who Discovered Robin Williams’ Body REVEALED — Longtime Assistant & Close Friend Rebecca Erwin Spencer Came Upon The Shocking Death Scene

Commercial Co-Star Fondly Remembers Robin Williams — ‘He Was Very Kind-Hearted & An Incredible Soul’

YouTube Top Ten: Robin Williams’ Most Viewed Clips Will Give Fans A Much-Needed Laugh

Christopher Reeve ‘Wanted To Die’ Until Robin Williams Lifted His Spirits — A Look At Their Extraordinary Friendship

Robin Williams Found With Superficial Cuts On His Wrists & Belt Around His Neck — Sheriff Reveals How Robin Williams Killed Himself

Death Of Robin’s Older Brother Was A Low Point For Williams — Took His Life 7 Years Later, Almost To The Day

Robin Williams’ Hollywood Peers Remember The Late, Great Star Of Film & TV

Tortured Robin Williams Photographed At AA Meeting

Robin Williams Death ‘Apparent Suicide Attempt By Hanging:’ Dispatcher; Actor Didn’t Leave A Note

Robin Williams Death: Daughter’s Tribute, Hoffman Connection & More

Robin Williams Had ‘Serious Money Troubles’ In Months Before His Death, Claims Friend — Was The Pressure Too Much?

A Father’s Love: Robin Williams’ Tragic Last Words To His Beloved Daughter Zelda Williams Revealed

Inside The Waterfront Home Where Robin Williams Tragically Died

In Memoriam: Robin Williams’ Career Was Pure Magic – He Was A Genie After All

Robin Williams Was Gaunt, Subdued, In Haunting Last Image Taken During Summer Rehab Stay — SEE The Disturbing Photo

Coroner Suspects Robin Williams Death ‘To Be A Suicide Due To Asphyxia’ — Read The Police Report

blog comments powered by Disqus