Last week, we heard that Katie Holmes would be receiving a hefty amount of child support ($33,000 per month) from Tom Cruise in addition to him footing the bill for all of Suri’s medical, educational, and recreational-type expenses. Katie (seemingly voluntarily) opted to forego alimony. I agree with Kaiser that Katie probably got to keep all her loot and also either got some sort of payout by way of the prenuptual agreement or another means that had nothing to do with the divorce proceedings.
The details that have leaked about the divorce settlement have to do with Tom providing for Suri, and this latest bit of news is no exception. It turns out that Katie (allegedly) requested that Tom set up a trust fund for Suri, because she was concerned that Suri should always have financial security. And the story follows that Tom had absolutely no problem doing so. Now I’m wondering whether this leak comes from Team Cruise to make him look like the generous guy who always has his wallet open because it seems like a given that Suri would have a trust fund since her father is one of the richest movie stars in the world, right? Team Cruise is not known for its subtlety:
One of the main factors during divorce talks between Katie Holmes and Tom Cruise was the Dawson Creek actress’ insistence on a sizable trust fund being set up for their daughter, Suri, RadarOnline.com is exclusively reporting.
“Katie wanted the trust fund put in place for Suri so that their daughter will be able to tap into after she turns eighteen years old,” a source close to the situation tells RadarOnline.com exclusively. “Katie has absolutely no access to the money and didn’t want to. She just wanted to ensure that Suri would have financial security as she becomes an adult. It’s a sizable trust fund, but Suri won’t be able to fully legally claim it until she is in her 30s. Tom had no problem with the request and planned on doing it for Suri anyway.”
Holmes will have primary custody of Suri, with Cruise having liberal visitation. The former couple married in 2006, with Holmes deciding to pull the plug on the marriage earlier this summer.
[From Radar Online]
Obviously, there are benefits to Suri having a trust fund when she grows up, and I think it’s a good idea that she can’t access the money until she’s well into adulthood. Tom can certainly afford to set up all three of his children for life, so Suri should receive what Connor and Isabella have access to as well. Perhaps Katie was concerned that Tom would cut Suri off if she reached adulthood and refused to come back to Scientology. In any event, it’s smart for Katie to have made the point that she didn’t want to be able to personally access Suri’s future stash.
Of course, I could go on about how kids with trust funds never really learn the value of money, but let’s face it — I would have killed to have a nice trust fund to pay for college and a first home. Since Tom is able to provide the money to put one up, there’s really no reason why Suri shouldn’t have it. I mean, what else would he need that extra money for … to buy more lifts?
Photos courtesy of Pacific Coast News and WENN
Well, she won’t be a “kid with a trust fund”, she’ll be a full-grown adult with a trust fund. But let’s not kid ourselves- there’s no way Suri Cruise will ever have to work for a dollar in her life. She will not know the value of money, trust funds or not.
it’s a good gig if you can get it!
…anyone want to set up a trust fund for me…?
I’d also volunteer for one if I could!
megs283 & cc,
I’ve set up trust funds for both you gals to the tune of $5,000,000.00 each. Spend wisely, ladies.
The account numbers are………… (internet connection drops)
Yep. Let’s hope she doesn’t go totally off the rails once she has access to the trust fund.
Then again, her siblings seem like they’re reasonably well-adjusted…well, as much as they can be, considering they belong to a cult that cut them off from their mother.
Trust funds never pay out early. Conor and Bella are only 17 and 19.
A trust fund is a great idea. Little Big Man wants to take care of his child. No harm in that.
carrying around a child of that age is rather ridiculous.
+1
+1,000,000
Absolutely agree…
Have you ever seen the paparazzi that swarm them? They can be aggressive and pushy, it must be terrifying. Any mother would want to protect their child. These comments are ridiculous, at times Suri is obviously frightened and Katie is just ensuring her safety.
They get swarmed because her parents set it up that way from the beginning. It is possible for the children of the famous to be protected from the paparazzi but this couple openly courted the attention from her birth. What a weird, distorted view of the world she must have. Tragic and abusive
Not a fan of Brad & Angie, but their kids get papped all the time and yet never seem to have a
problem getting around on their own little legs from a young age.
I think parental conditioning is at work with Suri, not just scary cameras. Also wish this child could for once wear shorts and sneakers like a normal kid.
One day I see this poor little rich girl turning into a 21st century version of Christina Onassis.
Agreed and we know what happened to Christina Onasis. Suffice to say it didn’t turn out well. Brush this kids hair, tell her to stop sucking on her fingers and tell her she has two perfectly good feet so use them! And who says trust fund kids don’t work. Look at Suri’s big brother – a dj! Wow something to aspire to!
THANK YOU!! I was starting to think I was the only person who was bugged by this. Though I can understand the whole “carrying her because of the paparazzi” angle, they carry her EVERYWHERE. I would be willing to bet that if you looked back on all the photos of her in the past few years that more often than not, she wouldn’t be walking on her own.
I’m assuming the reason Suri is still afraid of the cameras is because her parents have always carried her around, and she just kind of buries her head or covers her face with a blanket or toy. At the age she is now, that isn’t helping her. I have noticed a change since the breakup. Katie lets Suri walk most of the time, but Tom still carries her everywhere.
I don’t remember Tom carrying his other children around at that age?
It’s smart to put the money in a safe place for her. Odds are, he will remarry and odds also are his next wife won’t want out quickly and without-payout like Katie did.. He needs to protect the money that goes to his children.
It’s a little off topic but I do wonder about his next wife. Katie learned from the Nicole disaster. What will the next one learn from Katie? Unless he really marries that one that is rumored to be already picked out for him. But if he does marry that one ( I think she’s from Spain) how will he ever overcome the ridicule? I think even People Magazine would LOL over that marriage.
Nothing to say, it’s the first time Tom behave like a conscious father.
Earlie this week this sight said it was about $4,000 an month with school and other expences. This sounds more like the amount provided for a wealthy celebrity child.
Celebitchy announced US$400,000 a year for child support which amounts to 33,333 a month.
Numbers haven’t changed. But I think you might have forgotten a couple of zeros.
Oops! I was so wrong about this! It was $400,000 a year in an article this week I’m sorry about that!
So far- Tom has openly been spoiling this child with material things in an obnoxious way.
That kid is going to be a terror
Please put the girl down. Or do we not know about some impediment with regard to her legs? Did she ever get a chance to learn HOW to walk? Oy.
Shes prolly the same height at her dad.
That’s great for Suri! But if u guys recall why was Isabella living with her BF in a apartment on Skid Row before her BF joined Sea UGG. Didn’t Tommy give her a trust to? I feel sorry for Isabella seems to me he doesn’t pay a lot of attention to her.
I agree. I don’t think Tom has set up trust funds for his other kids, especially Isabelle considering her new address.
Both Isabelle and Connor don’t seem to have much drive or ambition. Connor wants to DJ and Isabelle is an “artist”. Tom is worth millions, but he can’t persuade his kids to get an education? What a tool!
There is no way he doesn’t have trust funds set up for all of his kids, and none will have access until age 30. Trustees hold it and dole it out as needed. It’s always done this way and every wealthy person out there does this if they have two brain cells to rub together and a tax and estate lawyer advising them. It protects their money from taxes. It’s simple estate planning. Wealthy people don’t just sit on their money; they set up trusts as much as possible.
Now, as far as Isabella, I think she’s either playing conscientious objector, or flat-out rebellious. Also, maybe she’s smart and is wary of crazypants dad so avoids him and his ilk as much as poss.
The poor child. Does anyone believe that Holmes could not find a way to shake the paps? What Suri will need that trust fund for is therapy. Both Holmes and Cruise use the poor child for photo ops. Sad.
I don’t understand how you can force someone to create a trust fund for their children. I feel if it is your money you can use it as you wish. Even if he remarries and has a dozen more children surely his love for this girl won’t diminish? Or will it? With him you never know. I guess she asked for a trust fund in lui of alimony. Good for her if that is the case it just goes to show that she is looking out for her daughter but since tommy girl has to pay medical and education expenses what exactly does katie pay for? I mean he is also paying a generous amount of child support too.
Her personal expenses I’m guessing as she should.
I agree…brush her hair. She always seems to look messy.
I wonder if Tom’s other kids have huge trust funds. Somehow I doubt it. Suri seems like the favoured child.
I feel bad for Bella and Connor. She have no real education other than being homeschooled by his sister as per whatever it is that Scientology dictates.
I’m glad Connor has found his niche with DJing, but Bella seems to have so little in her life. It’s sad to me that children who have grown up with so much seem to have so few choices at a time when they should be excited about their future and looking at universities and thinking about what they might want to do with their lives. They should be looking at a future with a zillion exciting choices and instead it feels instead like they have so few. Scientology and their idiot father and his brainwashed relatives have taken all that away from them.
If Bella really loves fashion, for instance, as I’ve read in the tabs (which, based on her own clothing choices I’m not sure does), then why isn’t she looking at fashion schools and internships with people other than family? Do these kids even have the chance to explore what they might like? They are exposed to so little and seem so dominated by their father and his/their religious beliefs. And based on what I’ve read about Scientology and young people, they sure don’t seem to care about encouraging higher education or pursuing your passion. It’s all about using young people as work horses and paying them pennies, keeping them indentured to the cult. Bella may not have it as bad as non-celebrity Scientology kids, but her life seem so depressing and sad to me. Plus I think it’s a shame that Nicole doesn’t intervene more, but I guess the kids are really brainwashed against her and they have enough embarassing stuff on her that she was clearly scared to fight for more access when they were little. Now they seem to barely get together.
I doubt Suri is any more Tom’s biological child than his older two, but that’s a whole other discussion.
I’m sure he has given Isabella and Connor trust funds equal in value to Suri’s. The only difference is that somehow Katie had more ammo than Nicole, and managed to stop the CO$ from designating her a suppressive person.
I feel really bad for Isabella: She belongs to a cult that has cut her off from her mother, her boyfriend has been sucked into Sea Org so he’s pretty much out of her life, and she’s no longer working in her chosen field (Bella was working for Katie’s clothing company, but got fired a couple of months ago when Katie was laying the groundwork for her divorce).
I don’t agree but of course it’s just a guess. If TC is as controlling as the press has made him out to be I think he would keep a tight hold of the purse strings. It gives him power but it also makes him the good guy because he can give them anything. I hope I’m wrong so those other children can run away to freedom
@wilkiecollins
I don’t think they’re loyal to Tom because he controls the purse strings.
Even if Isabella and Connor don’t have trust funds — but I believe the do — don’t forget they have a wealthy mother. I get the sense that Nicole would love to have her eldest kids back in her lives.
Come on, Katie…baggy jeans? Visible bra line? I know you’re on the stress diet but rein it in! Just say no to VBL.
Oh an durrr on the trust fund.
lol!
On a serious note, she appears to be very depressed, not caring how she looks. Maybe she doesn’t have much to do lately. She needs to work, it’ll help balance her out a bit.
It sounds like Tom is a ” Generous Guy” so far as family is concerned but when it comes to slave labor provided by CO$ its a different story.
His agreement to pay for education seems to stop at 18. The trust fund may ensure there is money for college, which doesn’t seem on the schedule for Co$ kids.
I’d be astonished it there wasn’t a trust! No access until the beneficiary’s 30s is common.
You want to make sure the kid doesn’t hit 18, buy 6 sports cars, 5 Birkins and hire her own personal carrier.
(Which she might do anyway, even without the trust.)
It’s weird. I think Jennifer Garner, who wears cute suburban mom clothes that she says herself are the first to come to hand in the morning, looks better than supposed fashionista Holmes. They’re bland, but appropriate. Holmes just hits wrong notes all the time.
That shirt is actually quite pretty, or could be with another pair of trousers or a skirt. But nothing ever seems to go. I don’t get it – when you’ve all the money in the world, and claim to love fashion, why dress as she does?
This outfit is screaming depression to me.
Not again! I think Katie is on some secret mission with those f*****g boots of gloom. What other excuse is there?
My guess is Tom hates them
Not again! I think Katie is on some secret mission with those boots of gloom. What other excuse is there?
If I had that kind of money, I would do it for my kids.
Has anyone noticed that Suri’s “fashion sense” has changed since Tom & Katie broke up?
Suri used to be so well put together. Her clothes were always very high end, very lady like, girly, almost formal. She frequently wore heels, carried purses, and wore makeup with glittery hair accessores. Everything matched perfectly.
Now, she looks like a normal kid. Her clothing is less high end, more casual, less girly. The heels, makeup and glitter accessories are nowhere to be seen. As well, she doesn’t match up perfectly anymore. For example, in today’s pic she is wearing pink with green shoes. I have never seen Suri’s wearing a clashing outfit.
I can’t help thinking. Tom has always boasted that Suri has been picking out her clothing since the age of 2. Knowing what a control freak Tom is, I’m questioning whether Tom insisted on picking out all of Suri’s clothes. If this is the case, I could see why she only wore designer, formal, girly outfits, and perfect matched girly accessories just like what he encouraged her mother to wear. Did he directly mold Suri’s fashion taste to reflect only what he considered acceptable. Is she going to spend the rest of her life dressing to please the men in her life?
i’ll admit that i’m a trust fund kid. certainly not on the scale of sur’i’s, but i could probably live my life pretty comfortably without ever having to work a day. i think i’m pretty good with my money.
my mom carried me home after school until i was about 8. once in awhile, never more than once a month. i actually don’t remember, but my mom says this happened so i’ll take her word for it. and i don’t see anything wrong with it.
THIS IS GREAT,SHE WILL HAVE PLENTY FOR REHAB.