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Robin Williams

Financially Protected His Kids

With Strings Attached

8/12/2014 12:50 AM PDT BY TMZ STAFF
EXCLUSIVE

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Robin Williams
protected his children by creating a trust, but he had the suspicions of a parent who worried the kids would squander the money when they were young.

TMZ has obtained Robin's trust ... which was created in 2009. Under the trust, his kids, 22-year-old Cody, 25-year-old Zelda and 31-year-old Zachary received money ... but in steps.

When each turned 21 they got 1/3 of the share. When they turned 25 they got half of what remained. When they turned 30 they each got their full share.

The trust was not dependent on Robin's death. The kids received their money, although Cody and Zelda have not been paid in full because of their age.

We do not know how much money was in the trust. We're told Robin had a significant amount of money outside the trust and his current wife, Susan Schneider, will almost certainly receive a significant amount.

As for how much Robin was worth ... there were estimates approaching $130 million in 2012.  But in 2013 Robin did an interview saying he was on the verge of bankruptcy because of his 2 costly divorces.

Robin said at the time he was selling his $35 million estate to become solvent again.

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125 COMMENTS

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1.

BLUE UGLY 💩    

That's not uncommon for kids not the get the full inheritance as soon as they're 18

73 days ago
2.

Chris    

Starting to look like he was depending on the success of his TV show to get him out of debt and when it didn't work out, having so many people after his money probably contributed to a big part of his depression. Not saying that was the only contributing factor, but it looks like it might have had a lot to do with it. What a damn shame.

73 days ago
3.

Osweetsarah    

Way to keep it respectful for an hour TMZ. This man has died and you are already doing a story about his money?!? Shame on you. He was a person. Not a figure.

73 days ago
4.

iBetty    

Robin Williams was an American treasure.. Sad he had to go out that way.. May his comedy live on! :-(...

73 days ago
5.

shakedoggy    

one of beeber's scouts informed robin that the beebz wuz looking at property in the nayber-hood

73 days ago
6.

Black Adam    

You know he had money hidden away LOL! He is that wacky guy next door who would bury a coffee can full of money in the backyard. That's Robin alright.

73 days ago
7.

Bridget    

That's a smart move by Robin. Although talking about his money situation already, is grossing me out. Can't we wait 24, aww heck 48 hours, maybe even a week (gasp) before we gossip about his money and who is getting it.

BTW did anyone else see CNN had to close down the comment section? Man this world is really full of ****'s.

RIP Robin. We're all going to miss you terribly, sweet man.

73 days ago
8.

missdiva22    

I am sad that robin Williams give money to the kids

73 days ago
9.

Tony626    

Smart move but good lord I hope TMZ has the class to avoid calling family to ask financial details. I doubt it.

73 days ago
10.

erbol    

I am sad that robin Williams give money to the kids

73 days ago
11.

effthemedia    

How about not talking about it for a few days? Let the mans family deal with it first...then we can all tell jokes .

73 days ago
12.

missBunny2blunt    

Everyone thinks OH HES RICH because he's a celebrity.. not True he didn't shop where we shopped.. he doesn't live where we live he goes threw money a hundred times faster then we do because he was in the public eye This poor man had to of been so financially stressed.. he was the bread winner for his whole family!! How would you feel?

73 days ago
13.

Bridget    

BTW I was just thinking, I just saw him in "The Angriest Man in Brooklyn". Pretty good, but sad. That would suck if it was Robins last movie. So I wondered over to IMDB to see if we will have any more Robin movies in the future. Good news. Three movies in post production. It's gonna be kinda hard to see them now. But at least we will get to see some more of Robin Williams being the genius he was.

73 days ago
14.

tmzcommenter    

It's sad but this was preventable. Did he have his ex-wives sign pre-nups? Was he paying a mortgage on the $35 million dollar house?

73 days ago
15.

whatever    

I hate the the press feels the need to cover such things, this isn't something that concerns his fans, we need to keep the focus on his legacy as an actor, humanitarian, comic, his outspokenness about his personal battles he bravely shared and as a world how we need to support those with mental illness and reach out to those around us

73 days ago
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