The actress admitted that she wants her kids to work hard to find success in the career paths they choose, rather than relying on the arrival of a massive payment when they turn 21.
"My father made it very clear that the day I left university I was on my own," Paltrow told The Times. "He didn't give me any money and I really struggled and I waitressed and bought cigarettes out of tips and tried to get to auditions with no gas.
"The worst thing you can do is give a child a trust fund. They know they'll get it when they're 18 or 21. And it just kills passion."
Paltrow has two children, four-year-old Apple and two-year-old Moses, with her husband Chris Martin.