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re: Anthony Bourdain worth $1.21M at the time of his death
Posted on 7/6/18 at 10:57 am to Damone
Posted on 7/6/18 at 10:57 am to Damone
quote:
With his form of employment, how did he not carry a life insurance policy in favor of his daughter?
Life insurance policies, and their beneficiaries, are not subject to probate. It's a direct transfer of the asset.
2
Posted on 7/6/18 at 11:06 am to Golfer
quote:
However, the $1.2 million declared in the will may not be his only assets. Bourdain's will also established a trust. Unlike wills, trusts are not processed in probate court and do not become public record, allowing their contents to remain private.
Posted on 7/6/18 at 11:43 am to Golfer
Suicide is a pretty common exclusion to life insurance.
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