Warren Buffett's Legacy: Estate Planning and Billion-Dollar Donations

Warren Buffett, the 94-year-old CEO of Berkshire Hathaway, has outlined his most detailed plan yet for distributing his fortune after his death. In a letter to shareholders, Buffett expressed his hope that his three children will decide on philanthropic causes for his wealth, but he also named three potential successor trustees in case they cannot. He announced the conversion of 1,600 Class A shares into 2.4 million Class B shares, with significant donations to the Susan Thompson Buffett Foundation and other family foundations. Buffett, who has pledged to give away his $150 billion fortune, also offered estate-planning advice to wealthy parents.