Ryan O’Neal to leave his fortune to his troubled son


VETERAN actor Ryan O’Neal has bequeathed almost everything to his troubled youngest son Redmond.

But his actress daughter Tatum O’Neal – with whom he has endured a tempestuous relationship – will receive nothing upon the event of his death.

Oscar-nominated O’Neal, 72, was forced to reveal details of his private trust during the discovery phase of the University of Texas’ lawsuit against him.

The information on who gets what from O’Neal’s multi-million dollar estate is listed in a document – filed with Los Angeles Superior Court – titled “The O’Neal Living Trust”.

The University of Texas is battling with O’Neal to recover a one-of-a-kind Andy Warhol portrait of O’Neal’s ex-lover Farrah Fawcett which it claims the actress bequeathed to it.

“Love Story” star O’Neal fails to list the Warhol portrait in the document, a painting believed to be worth millions that he has long insisted he has owned since 1980.

“The Trustee shall distribute all of my tangible personal property, except my two Ernie Barnes paintings, to Redmond,” the document states.

“If Redmond does not survive me, the Trustee shall distribute all of these personal items to my children who survive me, in shares of substantially equal value as my children shall agree. If my children are unable to agree, these personal items shall be divided among them in substantially equal shares determined by the Trustee, in the Trustee’s sole discretion.

“If only one child survives me, then all personal items shall be distributed to that child. If no child survives me, this distribution shall lapse and all personal items shall be distributed with the residue of the trust.”

The document was first created on December 5, 1991. It went through a series of revisions and was last executed on August 31, 2004.

O’Neal’s son Redmond, 28, whom he had with Fawcett, has had a long battle with addiction and has been in and out of rehab and jail.

His past drug-related charges have involved cocaine, heroin, marijuana and methamphetamine.

The battle over the Warhol painting is expected to be heard in Los Angeles Superior Court later this month.


1 Response to “Ryan O’Neal to leave his fortune to his troubled son”

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