In his recent letter, Warren Buffett emphasizes the importance of open conversations about one's will, suggesting that families benefit from discussing their financial and estate plans before it's too late.
"When your children are mature, have them read your will before you sign it. This creates a dialogue that ensures they understand both the decision-making process and the responsibilities to come."
Buffett encourages parents to treat their wills as a shared conversation, suggesting that understanding the rationale behind decisions can prevent future family conflicts.
Buffett reflects on his own experiences, stating, "There is nothing wrong with my having to defend my thoughts. My dad did the same with me," reinforcing the need for transparency.
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