The late Playboy founder’s trusts documents outline that the beneficiaries of his estate will be suspended from it if they frequently use illegal substances, or become dependent on alcohol or any legal drugs.
If Hef’s widow Crystal Hefner or his children Christie A. Hefner, David Hefner, Marston Hefner, and Cooper Hefner (above, right) start using, they will be prohibited from receiving any distributions from the trust until they have been substance-free for 12 months.
If the trustees suspect a beneficiary has been using illegal substances, they can request testing and, if the results are positive, that beneficiary can receive treatment paid for by their suspended distribution.
The trust also highlights some interesting provisions about Hef’s offspring. Given his prolific sex life, the 91-year-old clearly spelled out exactly which kids were his own, and disinherited “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.”
Dang, he’s even worried about the frozen sperm being used after his death! That’s forward thinking.
The trust, which has come to light thanks to a petition filed in Los Angeles by the current trustee, also revealed how loyal Hef was to the people in his life.
He appointed his longtime secretary Mary O’Connor to be the first trustee. After her death in 2013, the magazine mogul allowed for his sons Marston and Cooper to be appointed to co-trustees when they turn 30.
Hef acknowledged that his trustees could have conflicts of interest with the trust, but made it clear he wanted his two sons to serve in those roles anyway. He wrote in the docs:
“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.”
We’re sure this will incentivize the Hefners to keep their noses clean for a while!
[Image via FayesVision/WENN.]