94-year-old Buffett recently publicly announced his estate arrangements: he plans to leave 0.5% of his personal wealth to his three children, and the rest will be donated to the family's four charitable foundations. Buffett's total wealth is about $150 billion, of which about $750 million will be left to his children, and the remaining more than $140 billion will flow into these family foundations.
The estate tax in the United States is quite high, ranging from 18% to 50%. If Buffett's wealth is passed directly to his children, they may have to pay a lot of estate taxes, and even half of their wealth will be taken away. But by donating to charitable foundations controlled by his family, Buffett not only avoids high estate taxes, but also maintains control over these foundations. In this way, he not only allows the family's wealth to continue to be passed on, but also improves the family's social image.
This move is actually very smart. It not only wins more fame for himself and his family, but also effectively avoids wealth loss. In this way, Buffett leaves wealth to his family and demonstrates the righteousness of "donation", which is simply a double gain of fame and fortune.
So, when you look at the practices of these super-rich people, don't be too naive. The "routines" behind are often deeper than we think. $BTC