About wills & trusts
The WaPo writes ( not paywalled ): When one of the world’s wealthiest investors offers parents advice about assets just before one of the biggest family holidays of the year, a lot of people pay attention. In this case, experts say they should listen. When your children are mature, have them read your will before you sign it,” Berkshire Hathaway CEO Warren Buffett wrote this week in an unexpected letter to shareholders. “Be sure each child understands both the logic for your decisions and the responsibilities they will encounter upon your death.” “In my experience, I have seen bad things happen when children are surprised,” said Lawrence J. Macklin, president-elect of the National Association of Estate Planners & Councils. “Most parents want to treat their children equally, but some find that it’s appropriate not to, for whatever reason — maybe one child has been very successful and the others are not.” Buffett, 94, said he’d seen families brought closer together by discussing a w...