The legendary businessman and magazine publisher, Hugh Hefner, makes his kids do not go down the wrong path. Hefner had a reputation for being a ladies man, after all, he was the founder of Playboy Magazine. His famous parties were known for being outrageous wild and filled with the hottest celebrities, but the “Playboy” was also a big family man. After his passing at age 91, his kids; Christie A. Hefner, David Hefner, Marston Hefner and Cooper Hefner, and widow Crystal A. Hefner were named the beneficiaries of his estate. They would receive their inheritance but not without few conditions.
Like any good father, Hefner wanted his wife and kids to live responsibly. With great inheritance comes great responsibility! If any of the beneficiaries develop destructive habits involving drugs and alcohol they will be suspended from their trust fund. It looks like Hefner took the responsible route by thinking a few steps ahead.
“If the trustees reasonably believe that a beneficiary of any trust 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 a doctor or psychiatrist, and 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 (including distributions upon termination of the trust) to the beneficiary, all of the beneficiary’s withdrawal rights, and all of the beneficiary’s rights to participate in decisions concerning the removal and appointment of Trustees will be suspended.”
The text also states that a beneficiary is allowed to request drug tests from another beneficiary if he or she suspects any drug or alcohol abuse. Hefner made it clear he wasn’t monkeying around by creating a suspension lasting for 12 whole months. The most frightening aspect of it all is that, even if a suspended trustee is clean for a year, he or she must be voted back into the trust by other trustees. The document reads;
“in the case of use or consumption of an illegal substance…”
“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.”
In a situation like that, it might be best advised to be on your stepmom’s good side!