Medlin & Medlin, PA
Attorney at Law
(704) 786-8173
Concord, NC 

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PHILIP SEYMOUR HOFFMAN

Let me tell you something you might not know about the Oscar winning personality, Philip Seymour Hoffman.

He died in early 2014 before his latest film,” A Most Wanted Man” , opened in theaters in July.

His estate is valued at $35 million dollars and his estate plan is an excellent example of your power to control your assets with a well constructed last will and testament.

Hoffman left his entire estate directly to his long time girl friend, Mimi O’Donnell, the mother of his three children.

This despite the fact that O’Donnell kicked Hoffman out of their $4.5 million dollar apartment before he died from complications caused by his serious drug addictions.

Hoffman rejected the urging of his accountant to protect the interests of his three young children by putting his assets in a trust for their benefit.

Hoffman repeatedly stated that he did not want his children to be considered “trust fund” kids.

In particular, he did not want his kids to grow up as spoiled brats with too much money.

An attorney, James Kahill, Jr., was appointed by the court to protect the interests of the three young children and he reported to the court that there was nothing suspicious about the actor’s will; It was a well drawn estate plan and he recommended it should be approved by the court.

The moral to the story:

Even if an estate plan is a bit unusual, proper planning and careful drafting will allow the maker of the will control their own assets.

I applaud Philip Seymour Hoffman for creating an effective estate plan.

In nearly 40 years of law practice, I have handled thousands of effective estate plans.

My job is to protect my clients.

Call me.