Warren Buffett the renowned third wealthiest person here in the United States. He is Chief Executive Officer of Berkshire Hathaway a successful investment firm here in the states. Buffett is now approaching his late eighties. Naturally at Buffett’s age how he will distribute the vast amount of his estate comes to people’s minds.
Bill and Melinda Gates Foundation
Warren Buffett plans to donate a minimum $37 billion dollars to the Bill and Melinda Gates Foundation. This foundation provides funds for the advancement of health and advancement of educational concerns across the globe.
Considerable Donations to Charity
Other than Buffett’s sizeable contribution to the Bill and Melinda Gates Foundation the bulk of Buffett’s estate will go to charity. How will he donate to charities? His donations will come from his actual investments being willed over to charities not cash itself. Warren Buffett’s estate is set up to donate his investments to heirs and his heirs taking his contributions to building safe investments for themselves.
A Portion of Warren Buffett’s Estate Will Help Build Stock Index Valve
Warren Buffett is planning on taking the cash portion of his estate being invested in passive Standards and Poors 500 index funds. This he believes will maintain the original investment’s valve. Warren a profitable investor in standards and top 500 index funds plans on giving away at least 50 percent of his wealth before he dies.
What Will Warren Buffett Give To His Family?
Warren Buffett will not leave the bulk of his estate to his family. Buffett has already committed at least half of his wealth to the Bill and Melinda Gates Foundation. Buffett will leave his family property and some shares of his Berkshire Hathaway stock. Warren believes in teaching his children to be financially responsible for themselves not depended on family fortunes.
Warren Buffett continues to work for Berkshire Hathaway firm and it’s Chief Executive Officer. Now approaching his middle eighties Buffett continues to continued winning streak in financial gains for himself and his company.