A message I think every parent should read
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Hey Reader, It’s been a little while since I popped into your inbox, and with the LSU Tigers starting their road to the College World Series in Omaha, it reminded me of something Eric and I used to talk about doing when we were just married. We’d each buy one share of Berkshire Hathaway stock so we could go to Omaha to see Warren Buffett speak at the shareholder meeting. Not because we had big stock portfolios—just because it felt like one of those “one day” adventures. Go see Warren. Life happened. We never bought the shares. But I keep coming back to a message Warren Buffett shared as part of a major gift of his Berkshire stock:
I have one further suggestion for all parents, whether they are of modest or staggering wealth. When your children are mature, have them read your will before you sign it.
Be sure each child understands both the logic for your decisions and the responsibilities they will encounter upon your death. If any have questions or suggestions, listen carefully and adopt those found sensible. You don’t want your children asking "Why?" in respect to testamentary decisions when you are no longer able to respond.
The whole thing is a good read. Here it is if you're interested: 📄 Read Berkshire Hathaway News Release (PDF) When you think about it that way, planning ahead and talking about it with your family really does matter. On a personal note, it’s been a big spring at our house. Luke made his First Communion and hit his first over-the-fence home run, and Gabe graduated from kindergarten. We’ve been soaking it all in and enjoying all the celebrations. Hope your crew is doing well too. Feel free to hit reply and say hi. Talk soon, |
Addie Prewitt Law
Warren Buffett updated his will at the end of last year—and his biggest tip might surprise you: Let your adult children read your will before you sign it. Whether you have “modest or staggering wealth,” Buffett says it’s a conversation every parent needs to have. Curious about why? Here's an article that breaks it down and links to his letter: Warren Buffett suggests all parents do one thing before they die. What do you think—sound advice? -Addie
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