Hugh Hefner's widow and children banned from inheriting his $43million fortune if they break strict rules
When Hugh Hefner died in September, the world lost an icon. No matter what you thought of Hefner, who divided opinion throughout his entire time as a business mogul - there's no doubt that the Playboy brand is one of the most recognizable across the world, and that he and his parties at the Playboy mansion were the stuff of legend.
Hefner seemed like one of those people who would live forever, but at the grand old age of 91, he departed this world and left behind an absolute fortune to his family. At the time of his death, Hefner's net worth was estimated at $43million dollars, but all beneficiaries to his estate must obey by some strict rules in order to get their hands on the money.
According to new documents, it has been revealed that Hefner's widow and children must stay away from drugs and have to spend responsibly in order to carry on using his fortune. The Playboy founder has stipulated in the trust documents that if the beneficiaries of his extreme wealth and estate frequently use illegal substances or become dependent on alcohol or drugs, they will have to be suspended from the trust.
The beneficiaries are listed as his wife Crystal and his four children, Christie A Hefner, David Hefner, Marston Hefner and Cooper Hefner.
Despite his penchant for wild parties across the years, Hefner was known for his disdain for drugs and alcohol. He had previously stated that he believed drugs and alcohol hurt and killed people.
The documents, which were obtained by The Blast, outline that if a trustee believes that any of the beneficiaries to the estate regularly consume or rely on an illegal substance, then they are free to suspend them, adding:
"If the Trustees reasonably believe that as a result the beneficiary is unable to care for himself or herself, or is unable to manage his or her financial affairs, all mandatory distributions ... to the beneficiary ... will be suspended."
The documents also explain that if a trustee is suspicious of the activities of a beneficiary, they are allowed to request that a drug test is performed. If the beneficiary is suspended, they may have their rights restored after a 12 month period of sobriety.
"[Rights to the trust may be restored] in the case of use or consumption of an illegal substance, examinations indicate no such use for 12 months and, in all cases, when the Trustees in their discretion determine that the beneficiary is able to care for himself or herself and is able to manage his or her financial affairs."
Hefner established the trust way back in 1991 and he was the only trustee until his death. He also made the point to exclude "any person who claims to be a child of mine, including any child of mine conceived after my death, unless such child lived with me in my household and was acknowledged by me in writing to be my child".
His youngest children, Marston (27) and Cooper (26), cannot become co-trustees until they reach the age of 30.
Basically, Hefner's beneficiaries have to stay off the drugs in order to get their share of $43million - seems like easy money to me.