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ARTICLE · 04 DECEMBER 2024

Estate Planning Advice From Warren Buffett

Casey & Moss LLP
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Billionaire and philanthropist Warren Buffet is one of the most successful businessmen of all time. In 2006, the "Oracle of Omaha" pledged to give away 99% of his wealth to charitable...

CanadaFamily and Matrimonial
Zara Wong
Zara Wong
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Billionaire and philanthropist Warren Buffet is one of the most successful businessmen of all time. In 2006, the "Oracle of Omaha" pledged to give away 99% of his wealth to charitable foundations and has asked other billionaires to commit to donating at least 50% of their wealth to charity.

Recently, Buffett penned a letter regarding some changes to how his wealth will be distributed after his death. His original plan was for his three children to act as trustees to distribute his money after his death. But, because Buffett's three children are now 71, 69, and 66, he recognized that it might take longer than his children's lifetimes to distribute his massive fortune.

Thus, Buffett appointed three successor trustees, all younger in age than his children, to take over the distribution of his wealth in the event that his children die before they can disburse all of his assets.

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