Warren buffett family inheritance

Warren Buffett has shared valuable advice for parents regarding inheritance planning. In a nearly 1,500-word letter, the 94-year-old investor and CEO of Berkshire Hathaway detailed his thoughts on discussing inheritance with children.

Buffett suggested that parents should read their wills to their children before signing them to avoid family conflicts and potentially strengthen family bonds.

For parents of more modest means, Buffett advised, “When your children are mature, have them read your will before you sign it.

Be sure each child understands both the logic for your decisions and the responsibilities they will encounter upon your death.” He emphasized the importance of addressing any questions or suggestions from children and making reasonable changes to the will if needed.

Buffett’s advice on family inheritance

Buffett noted that his own children have posed questions about their inheritance, and he has often incorporated their feedback.

He observed that families can be driv