NEWSTom Cruise Set Up "Sizable Trust Fund" For Suri In Katie Holmes Divorce, Will Be Very Rich Girl
Aug. 28 2012, Published 3:46 p.m. ET
Suri Cruise is already one very lucky little girl, with a designer wardrobe that would make even Victoria Beckham blush.
And the 6-year-old will never have to worry about replenishing said closet as she grows older because she reportedly has a "sizable trust fund" in place which was one of the outcomes of the divorce settlement between Suri's parents, Tom Cruise and Katie Holmes.
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"Katie wanted the trust fund put in place for Suri so that their daughter will be able to tap into it after she turns 18 years old," a source told RadarOnline.
"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.
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"Tom had no problem with the request and planned on doing it for Suri anyway."
Katie will receive $400,000 a year in child support from Tom but did not get a lump sum payout or any spousal support in their quickie divorce that ended their five-year union.
However, the 33-year-old former Dawson's Creek star did walk away with a lavish "handbag collection that includes custom made Hermes Birkins that would make any fashionista swoon."
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"Tom was extremely generous to Katie with lavish gifts during their marriage and she will be keeping millions of dollars of jewelry, handbags and other luxurious items," an insider told the site.
"Tom gave Katie diamond earrings as a birthday gift one year that easily cost over $500,000 and he had custom design pieces made for her.
"Under terms of the divorce, Katie is keeping all of the jewelry handbags, accessories, and designer clothing."
