ladbible homepage
ladbible homepage
  • iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • SPORTbible
  • Tyla
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • FOODbible
  • UNILAD Tech
Macaulay Culkin legally wiped parents’ names off $50 million trust fund he earned as child star

Home> Entertainment> Celebrity

Published 18:01 3 Dec 2024 GMT

Macaulay Culkin legally wiped parents’ names off $50 million trust fund he earned as child star

He had them both taken off his trust fund so he could access the money

Joe Harker

Joe Harker

google discoverFollow us on Google Discover

Back in the late 80s and early 90s, Macaulay Culkin was in a load of very famous movies, which made him into one of the most well-known child stars of all time.

He earned a decent amount of dough from being in the Home Alone franchise, more so for the sequel than the first one, and the money he made got put into a trust fund.

However, at one point, he ended up taking his parents' names off the trust fund, which led to some claims that Culkin was 'divorcing' himself from them.

This, however, turned out not to be true. So, why did he do it?

Advert

Well, it turns out it was because his mother was spending so much on legal fees during his parents' separation that she couldn't pay her rent.

Culkin's parents were never actually married, but there was a legal battle over who would get the kids and what would happen to Macaulay's money, and the young actor could see his mum struggling to pay for the essentials when he had a fund of millions.

Culkin had the names of his parents taken off his trust fund, but he did it to help his mum pay rent. (Anna Webber/Variety via Getty Images)
Culkin had the names of his parents taken off his trust fund, but he did it to help his mum pay rent. (Anna Webber/Variety via Getty Images)

To sort this out, he had both parents taken off the trust. Without them on the fund, he could get an executor to sort out money matters for him.

Culkin previously told Esquire all about it, explaining that he and his siblings 'didn't want to go with my father'.

He said: "Basically, I had millions and millions of dollars in the bank and my mother couldn’t pay the rent because she was spending all of her money on lawyers.

"We were about to get evicted from our apartment. The only way I could get access to that money was to take my father’s name off it, but I didn’t want to make it messy, so I figured I’d take both their names off.

"It’s always misconstrued, that I ‘emancipated’ myself from my parents.

Your faves are doing alright these days, which is nice to see. (Taylor Hill/FilmMagic)
Your faves are doing alright these days, which is nice to see. (Taylor Hill/FilmMagic)

"I legally took my parents’ names off of my trust fund and found an executor, someone who would look over my finances, just in case anyone wanted to stick their f**king pinkie in the pie.

"But the next thing you know, the story was that I divorced my parents.

"I just thought I was doing it cleanly - taking my father’s name off, taking my mom’s name off, so my opinion is unbiased. And when I did that, the whole thing kinda ended a lot faster."

As for what he's up to these days, he's still acting as it sounds like he's got a part in the upcoming second season of the Fallout TV show, while in his personal life he got together with The Suite Life of Zack and Cody star Brenda Song.

The pair met on the set of the movie Changeland, and since getting together, they've welcomed two children.

Featured Image Credit: Ron Galella, Ltd./Ron Galella Collection via Getty Images / Ron Galella, Ltd./Ron Galella Collection via Getty Images

Topics: Macaulay Culkin, Celebrity, Money, Parenting

Joe Harker
Joe Harker

Joe graduated from the University of Salford with a degree in Journalism and worked for Reach before joining the LADbible Group. When not writing he enjoys the nerdier things in life like painting wargaming miniatures and chatting with other nerds on the internet. He's also spent a few years coaching fencing. Contact him via [email protected]

X

@MrJoeHarker

Recommended reads

Do you live in one of Sydney’s earliest rising areas? Suntory BOSS Coffee is giving you free iced coffee and brekky next weekSuntoryKaty Perry shares one of her songs with interesting lyrics after Ruby Rose sexual assault allegationsStefanie Keenan/Getty Images for DVF‘Looksmaxxer’ influencer Clavicular storms out of interview after being asked if he’s an incel(60 Minutes Australia)Little Rascals star Bug Hall who gave away entire earnings for new life has been arrested(Universal Pictures)

Advert

Choose your content:

10 hours ago
11 hours ago
14 hours ago
  • Stefanie Keenan/Getty Images for DVF
    10 hours ago

    Katy Perry shares one of her songs with interesting lyrics after Ruby Rose sexual assault allegations

    The pop sensation has denied all claims made against her, dating back two decades

    Entertainment
  • (60 Minutes Australia)
    10 hours ago

    ‘Looksmaxxer’ influencer Clavicular storms out of interview after being asked if he’s an incel

    Influencer Clavicular, real name Braden Eric Peters, did not take kindly to being questioned over his links to Andrew Tate

    Entertainment
  • (Universal Pictures)
    11 hours ago

    Little Rascals star Bug Hall who gave away entire earnings for new life has been arrested

    Brandon 'Bug' Hall previously left Hollywood for a life as a 'radical Catholic extremist'

    Entertainment
  • Facebook/James Broadnax
    14 hours ago

    British woman marrying death row murderer today despite never touching

    He is set to be executed in just two week's time and his landmark case has seen several celebrities speak out to try prevent his death

    Entertainment
  • Macaulay Culkin legally changed his name and still has it today
  • All five Culkin brothers to star in show together for the first time
  • Mila Kunis admitted what she did to break up with Macaulay Culkin was 'f***ed up'
  • Fans still can't believe Macaulay Culkin is in a relationship with another kids TV legend