Details of Hugh Hefner’s multi-million dollar trust have been revealed, and it’s very interesting.
According to new documents obtained by E! News, the late Playboy founder had a clause in his trust blocking any beneficiaries – widow Crystal Harris, daughter Christie and sons David, Marston and Cooper – from access to his cash if they abuse drugs or alcohol.
The documents state that any beneficiary would be blocked “if the trustees reasonably believe that … [the beneficiary] routinely or frequently uses or consumes any illegal substance so as to be physically or psychologically dependent upon that substance, or is clinically dependent upon the use or consumption of alcohol or any other legal drug or chemical substance that is not prescribed by a board certified medical doctor or psychiatrist in a current program of treatment supervised by such doctor or psychiatrist.”
If any beneficiary violates the agreement, they will be kicked out of the trust, which is valued at $43 million dollars.
However, there is a chance to get back into the family’s fortune – but the beneficiary must stay sober for a full year.
The will even states that trustees are allowed to drug test beneficiaries at any time, if they suspect substance abuse.
The trust, which was amended as recently as March, also revealed that he appointed his longtime secretary Mary O’Connor to be the first trustee, however, she sadly passed away in 2013.
Hugh also allowed for his sons Marston and Cooper to be appointed to co-trustees after they reached 30 years old, despite the fact that the trustees could have conflicts of interest with the trust.
“I recognize [the trustees] may have existing or potential conflicts of interest in the administration, management and distribution for the trust estate. I am aware of these existing and potential conflicts of interest, but I nonetheless want these persons, because of their special knowledge and skills and relationship to me, to serve in the capacities and at the times designated,” the documents read.
The Playboy founder was also very clear that he did not want any spouse or former spouse of his to serve as a trustee, and he also included a plan of action for any people who come forward claiming to be his child.
“I expressly disinherit and exclude from any benefit under this Trust Agreement any person who claims to be a child of mind, 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.”
Hugh Hefner passed away in September at the age of 91 due to cardiac arrest and respiratory failure, after battling blood poisoning and E. coli.