Warren Buffet Explains How You Should Avoid Surprises When Your Will is Read     

Warren Buffett, 94, is one of the richest men in the world who has put lots of thought into his investments, as well as his estate planning. Buffett, who recently updated his estate planning documents, plans to give away all of his wealth and has been doing so throughout his lifetime. According to Forbes, "Buffett is likely the largest philanthropist of all time... donating more than $60 billion toward charitable causes." He plans for much of the same to happen upon his death. 

In fact, Buffett shared new details of his estate plan in a letter published recently, elaborating on how he intends to transfer the vast majority of his fortune to philanthropic causes. Buffett describes how he will continue making contributions to certain charities while he’s still alive, and upon his death, plans are in place for the remainder of his estate to go into a charitable trust overseen by his daughter and two sons. The three must then decide unanimously which charitable organizations to donate to and in what quantities. 

Communicating Your Plans to Your Loved Ones 

Critter Corner: Giving Back this Holiday Season      

Dear Kiwi and Mango,

The holidays are my favorite time of year. This year, my family will exchange gifts as normal, but we are realizing that we have way too many things. We are a bit late for this year, but in the future, we’d like to do something a little different as a family to help others. I think it’s a great way to teach the grandchildren about giving back to those in need. Do you have any ideas for charity projects we can do as a multi-generational family? 

Thanks for your help and happy holidays!

Giff Baack