Phillip Seymour Hoffman died at the young age of 46, with three children, all under the age of 11. \u00a0With his estimated $35 million fortune in his estate, he made the bold decision to disinherit his children, leaving the bulk of his $35 million to his partner, Mimi O’Donnell, according to an article on Today.com<\/a>.<\/p>\n So, the question is, why did Phillip Seymour Hoffman ignore his son and his two daughters? \u00a0Well, according to the article, he did not want his children to grow up to be “trust fund kids.”<\/p>\n This is not an uncommon approach that many of the affluent are now taking. \u00a0There is a prevailing argument that leaving such a large amount of wealth directly to the next generation can ruin their work ethic as well as their appreciation for money.<\/p>\n According to Matt Lauer, of the Today Show, “The old saying is: You leave them enough to do something, not (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Phillip Seymour Hoffman died at the young age of 46, with three children, all under the age of 11. \u00a0With his estimated $35 million fortune in his estate, he made the bold decision to disinherit his children, leaving the bulk…<\/span><\/p>\n