According to the L.A. City Fire Department, Russell was pronounced dead around 8 p.m. on Monday evening at his Mulholland Drive home. Sources told TMZ his body was found hanging, but a suicide note has not been found.
Russell leaves behind his 5-year-old daughter, Kennedy, and his wife Taylor, who filed for divorce last month.
In a statement to TMZ, Russells lawyer, Ronald Richards, said, "I feel bad because his credit cards weren't working ... He had tremendous financial problems."
Our condolences to his loved ones, friends, and family.