The Oscar-winning comedian, Robin William’s impact on popular culture, can never be quantified. News of his death came out as a surprise – at the age of 63, the legendary comedian committed suicide on 11 August, 2014. He has left the heart of friends, family, other celebrities, and fans with a vast void. Many heartfelt tributes poured in from the side of the celebrities and fans. Let’s get into the article and learn about the problems the family faced due to the possessions he left behind.
Robin William’s legacy
Robert was one of the most loved and cherished comedians of his time. Undoubtfully, he elevated the humor in countless movies, including Good Will Hunting, Aladdin, and many more. His co-actors praised the influence of his comedy after this legendary actor passed away. An endless number of tributes poured in and filled in the gaps of his already rich legacy. However, only the closest ones of his life, i.e., his family were facing trouble because of the assets he left behind.
A hidden secret about his legacy
After his death, Investopedia, a finance website, roughly calculated his net worth of around $50 – $100 million. The net worth was an assessment of his investments, properties, residual course checks, and artwork. However, the secret revealed that no one could access his substantially large-worth or at least not all of his worth.
Robin signed a restriction clause before he passed away, which says no one can inherit his property or other investments, before 25 years of his death. None of his kids would get benefit after his death. He certainly left nothing for his kids!
Before he passed away, he set a trust fund for all three of his kids – Zach, Zelda, and Cody, in which they will get entitled to one-third of possessions only after each of them turns 21. Later, when they all will turn 25, they would have access to half of his entire property. Eventually, after they all will turn 30, they would have access to the whole trust fund he left for them.
He left a large amount of wealth for his family, which they had to divide on their own. However, his children’s stepmother tried to alter the will by filing a petition. She stated that she is now unable to maintain the mansion in Tiburon, California, because of the lack of funds. Susan wanted to get entitled to more of William’s possessions; however, her request was declined.
Robin William was the owner of a large number of prized possessions. He had a vast collection of bikes, fossils, and watches which he left for his children. He had around 50 bikes, 85 watches, a large number of clothes, and numerous accolades he gave to his beloved children. His most significant asset, the $30 million mansions in Tiburon, California, was also entitled to his children; however, his wife could still stay in it. Sadly, his wife, Susan, only received a small fraction of his property, including the sentimental items from their wedding. But, eventually, the house was sold!
Robin’s second wife, Marsha, auctioned off all his massive collection of art, furniture, and Hollywood memorabilia to raise funds for many charities. Thus, ultimately somehow, his possessions rescued the life of the unprivileged.