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This means the middle class needs to think about estate planning just as much as the upper class.
CEO of Berkshire Hathaway Warren Buffett has a very substantial estate to think about.
According toForbes, Buffett is worth nearly $150 billion as of early February 2025.
Buffett has three children: Howard, Susan and Peter.
He posted aletterin November 2024 to Berkshire Hathaway shareholders that discussed how he planned on dispersing his wealth.
He also gave advice for parents that he felt applied whether they are of modest or staggering wealth.
Heres the advice from Buffettparents planning their estates should take to heart.
He explained that this prevents any surprises after death.
It also gives them an idea of what they should expect when the time comes.
If any have questions or suggestions, listen carefully and adopt those found sensible.
You dont want your children asking Why?
in respect to testamentary decisions when you are no longer able to respond, Buffett wrote.
What could be more satisfying?
Whats Buffett Planning To Do With His Wealth?
He added that his three children would be responsible for distributing the rest of his holdings after he dies.
If one child says no, then they must respect that childs wishes.
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