5 Celebrities Who Cut Their Kids Out of their Wills
Some celebrities like Simon Cowell and Marie Osmond might have wealth under their belts but they have no intention of passing it down to their offspring. The two stars, and three others, shared their reasons for not wanting to give their children inheritances.
People like Gordon Ramsay and Ashton Kutcher don’t believe that just because they are rich, their children need to live that way through their inheritance. While their children might grow up living lavishly, that doesn’t mean that’s how their whole lives will play out because of their expected inheritance.
Ashton Kutcher and Mila Kunis at a football game on September 22, 2013, in Pittsburgh, Pennsylvania | Source: Getty Images
The truth is some Hollywood stars have openly noted that they will not be leaving any money for their children. Instead, these celebrities wish for their children to work and earn their own fortunes.
Ashton Kutcher and Mila Kunis Won’t Have Trust Fund Babies
Ashton Kutcher and Mila Kunis started a family when they welcomed their first child together, daughter Wyatt Isabelle, in October 2014, with the first-time dad disclosing the newborn’s name on his website dedicating a message to the little girl, saying:
“May your life be filled with wonder, love, laughter, health, happiness, curiosity, and privacy.”
Ashton Kutcher and Mila Kunis at Stagecoach: California’s Country Music Festival on April 25, 2014, in Indio, California | Source: Getty Images
The couple welcomed their second child, a son, in November 2016. Ashton Kutcher and Kunis announced the name of their baby boy on A Plus (a digital media platform that counts Kutcher as an investor). Named Dimitri Portwood Kutcher, the infant was born weighing 8 pounds and 15 ounces, per their announcement. Once again, as a means of keeping their lives private, they did not share photos of the new addition to the family as they said:
“We’d like to allow our kids to make their own choices on whether to have a life in the public eye or not.”
Ashton Kutcher and his wife Mila Kunis on the field at Dodgers Stadium on October 19, 2016, in Los Angeles, California | Source: Getty Images
In October 2017, his wife discussed not giving their kids Christmas presents. On the other hand, Kunis has a Jewish background but grew up in communist Russia. Despite that, she still fully participates in American Christmas traditions such as tree decorating.
Mila Kunis and Ashton Kutcher with their children at a diving competition at the FINA World Championships in Budapest, on July 17, 2017 | Source: Getty Images
However, Kunis said their tradition includes no presents for the young ones. The new rule was due to her previous experiences with Wyatt. The actress said when children are younger than one, gifts do not matter, and when they celebrated Christmas when her baby girl was two, it was overbearing.
She explained the kids no longer appreciate the one gift, and instead, she and her husband prefer giving presents to charity, which is their new tradition. The doting parents have even taken it as far as planning to tell their brood that they are poor to humble them.
Dimitri and Ashton Kutcher at the Motorsport: Formula 1 World Championship, Miami Grand Prix race on May 8, 2022, in Miami, Florida | Source: Getty Images
During an appearance on Australia’s “Kyle and Jackie O Show,” Kunis revealed she and Kutcher come from poor backgrounds and that it played a significant role in how she values and appreciates money. The former child star noted she and her beloved spouse are self-made and are well aware of what a dollar is worth, adding they worked hard because nothing was handed to them on a silver platter. She jokingly detailed on the radio show:
“It’s a matter of teaching them from a very early age that, you know, mommy and daddy may have a dollar, but you’re poor. You are very poor. You have nothing. Mommy and Daddy have a bank account.”
In an episode of Dax Shepard’s “Armchair Expert” podcast, Kutcher revealed that he and his spouse would not be leaving any money for their children. He explained how he and his wife weren’t creating trust funds for their children, adding:
“We’ll end up giving our money away to charity.”
Mila Kunis, Wyatt Kutcher, Ashton Kutcher, and Dimitri Kutcher tour the Mercedes-AMG Petronas hospitality suite at Miami Auto drome on May 8, 2022, in Miami Gardens, Florida | Source: Getty Images
However, the entrepreneur said if his children want to start a business someday and have a good business plan, he would be happy to invest in their future. “As long as they know what to do when they don’t have things, they know how to be resourceful,” the father of two said.
Jackie Chan’s Son Flies Economy When They Travel Together
While Jackie Chan worked on slowly becoming the new face of martial arts in Hong Kong and Hollywood when he first started his career, he also struggled with a few personal problems. While breaking out into the US market was no walk in the park, the actor also dealt with public backlash after he had an affair with Elaine Ng Yi-Lei in 1999.
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