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In Farrah Fawcett's son's finances after the arrest



Farrah Fawcett left her son Redmond O'Neal, 33, for 4.5 million dollars when she died in 2009, but earlier this week he was arrested for allegedly robbing a general store in Los Angeles at a knife point had

. O Neal, whose father is actor Ryan O'Neal, took a knife to a shop near Santa Monica and told employees to take money out of the register.

O'Neal, who fought for drug trafficking Years later, the seller fled the store after handing over an undisclosed sum of cash and was arrested nearby, according to a police spokesman who claimed that the officers had found a knife from Redmond that corresponded to the description of the writer.

While Fawcett left her son Most of her wealth when she died in 2009 set strict parameters on how the money could be spent, according to a copy of the trust people have received.

  Redmond O Neal in 2012.

Redmond O Neal in 2012.

Toby Canham / Getty [19659008] Instead of giving that he inherited the money directly, she put 4 $ 5 million into a trust fund overseen by its CEO and producer Richard Francis. According to the terms of the trust, the money could only be used for issues related to his health care.

"This means that Francis can spend as much as he considers advisable for rehabilitation (which would greatly improve Redmond's health) without paying anything directly to him for fear of being spent on drugs etc." Author and estate attorney Andrew W. Mayoras wrote in 2009.

Fawcett's trust, however, allows O & Neal to recover the interest generated by the fund. at least 4 times a year and as often as monthly, "said Mayoras." If this $ 4.5 million is invested conservatively to get a modest return of 5 percent, that would mean nearly $ 19,000 a month for Redmond Redmond O'Neal, Farrah Fawcett and Ryan O'Neal “/>

Redmond O'Neal, Farrah Fawcett and Ryan O & # 39; 39; Neal

Steve Grayson / WireImage

Redmond is being held with $ 50,000 bail after the robbery and will appear in court on Thursday when a judge will decide whether to award a bail or release him. [19659002] The 33-year-old has been struggling with drug problems since adolescence, resulting in numerous drug and gun-related offenses charges and time spent in rehabilitation.

Redmond last revoked his probation in May 2015, seven mo nate, after being reinstated as judge, found that he had taken drugs and had no medical appointments. He was sentenced to three years in prison for violating probation requirements, but was suspended by his judge for almost a year. Redmond was released from prison in September 2016 with his father.

Redmond's half-sister Tatum O'Neal spoke exclusively to people about her concerns for her half-brother, although she urged him to stop using drugs. 19659002] In 2015, Tatum, whose mother is Joanna Moore, said, "I love him, but I've never seen a scarier side of addiction, he has addiction issues so bad that it breaks my heart, nobody knows what's going on with Redmond After all that I have seen, he will by no means survive. "


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