Wednesday, July 11, 2018
Famous television chef Anthony Bourdain committed suicide in France in June and his will was filed in a Manhattan court last week, determining that his worth totaled approximately $1.2 million. The will though also included language that implied that he had placed much of his assets into a trust. Bourdain had a mortgage that was for $1.1 million, but the corresponding property was not specified.
"It is a common practice among the wealthy to create trusts because it allows their beneficiaries to pay less in estate taxes and avoid the publicity of the probate court."
It does not appear that the details of the trust have been revealed, nor can it be determined how many assets the late chef placed into the trust.
See Megan Sheets, Revealed: Anthony Bourdain 'Was Richer Than His Will Suggested After the Tragic Star Put Many of His Assets in a Trust', Daily Mail, July 6, 2018.
Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.