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Paltrow rules out trust fund for kids

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Paltrow rules out trust fund for kids

Rex Features

Gwyneth Paltrow has revealed that she has no plans to set up a trust fund for her two children.

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.

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