Perhaps one of the most heartbreaking points of Anthony Bourdain's death is the mere fact that he thought his 11-year-old daughter was going to be taken care after he was gone. As reported in the press, he left an estimated $1.21 million estate to Ariane Bourdain. Unfortunately, she will most likely end up with a fraction of this. So why is this? Did he not have a will? Actually, yes, Anthony Bourdain did have a will, but he did not have a living trust. By definition, a living trust or inter-vivos trust is a fiduciary relationship used in estate planning created during the lifetime of the trustor. This trust has a duration that is determined at the time of the trust's creation and can entail the distribution of assets to the beneficiary during or after the trustor's lifetime. So when you die, your trust stays in place and will execute what is outlined within the trust.
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