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Richard Pryor's Kids -- Wait, We Have a Trust?

9/24/2009 6:00 PM PDT BY TMZ STAFF

Richard Pryor's two children say they were never told their late father set up a trust for them -- and now they're going after a guy they say should have spilled the beans.

Steven and Kelsey Pryor filed court documents on Tuesday against Robert Philpott -- the guy Richard appointed to watch over the trust -- claiming he hid the existence of the trust from them after their father's death in 2005.

In the papers, filed in L.A. County Superior Court, Pryor's kids say they were forced to figure out the existence of the trust on their own -- and are worried Philpott "wrongfully took, concealed, or disposed of assets" during that time.

The trust was initially created in 1988, when Richard divorced their mother for the first time (they divorced again in 1992).

The Pryors are asking the court for any assets Philpott may have pilfered from the trust ... and they want him 86'd as trustee.

UPDATE: Sept. 25, 6:08 PM ET A spokesman for Bob Philpott told TMZ, "This is a ridiculous, absurd and meritless lawsuit. Mr. Philpott has had nothing to do with Richard Pryor and his trust for more than 15 years when he stopped working for Mr. Pryor as his business manager. At that time, he resigned as trustee from all of Mr. Pryor's trust and all of the files and documents for Mr. Pryor were transferred to the client as was requested."

16 COMMENTS

No Avatar

1.

mrez golucky    

Yikes! Give them their share!

1766 days ago
2.

iknowiwasthere    

daM$...........IT'S INTERESTING HOW TMZ DIGS FOR ALL KINDS OF $HIt!

1766 days ago
3.

PolarBear    

If that Trust exists, SHOOT Robert Philpot by firing squad immediately.

1766 days ago
4.

lovemichaelforever    

another disgrace--doesn't he have a daughter named "Rain?" and was on Head of the Class? with Robin Givens?

1766 days ago
5.

lmdm65    

That is sooo dirty !! when are people going to get the old saying
" Greed will get you no where " or it will land your ass in court or jail !

1766 days ago
6.

Michelle    

That is a shame is the mom dead? and if not how come she didn't tell er kids what they daddy left them? I hope they get all the money that belongs to them.. poor kids..and every one was talking about Mjs kids at least he made sure his kids knew that they had money...hummmm wonder how Tmz gets this stuff? know what guys there is something fishey.. that's why Harvey and the staff dont answere all the questions...

1766 days ago
7.

susie    

Sounds like jp morgan was handling it......

1766 days ago
8.

Ziggy    

Why go through all that trouble for $4.53?

Richard freebased their trust money years ago. Just like an empty crackpipe, that's all folks.

1766 days ago
9.

showgirl    

Actually they have a good case. Doesn't everyone know what their parents are doing with their money when they pass away? Wake up! Everyone should know that! This guy took their money from them and also took avantage of them.

1766 days ago
10.

justsaying    

The love of money is the root of all evil.

1766 days ago
11.

goldieok    

Hey Kids -
Get a good lawyer & then have him sue the bastard who cheated you.

1766 days ago
12.

moonwalker    

That is a shame. I hope they get their money. I don't know why people like to take advantage of dead people. Just like some of MJ's family members are trying to do now. It's all very sad and sickening if you think about it. Kids, go and get what's yours and sue the pants off this bastard.

1766 days ago
13.

just me    

he had 7 children..

1766 days ago
14.

just me    

maybe 8?

1766 days ago
15.

Archie Benavides    

THIS IS ALL BULL AND TMZ AND HARVEY LEVIN KNOW IT.
Read the update.
Now that Philpott could answer to the allegations the truth comes out.

1763 days ago

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