OMAHA, NE — Legendary investor Warren Buffett has a simple yet powerful message for every parent: let your adult children read your will before you sign it.
In a heartfelt letter released Monday, the Berkshire Hathaway chairman and CEO, known as the “Oracle of Omaha,” shared advice that applies to families of all income levels — whether they possess “modest or staggering wealth.”
“Be sure each child understands both the logic for your decisions and the responsibilities they will encounter upon your death,” Buffett wrote.
The billionaire, whose fortune exceeds $150 billion, emphasized that transparency within families can prevent confusion, resentment, and conflict after a parent’s passing. “If any have questions or suggestions, listen carefully and adopt those found sensible,” he added. “You don’t want your children asking ‘why?’ when you are no longer able to respond.”
Why Talking About Wills Matters
Financial experts agree that Buffett’s advice hits home for families of all backgrounds.
Douglas Boneparth, certified financial planner and president of Bone Fide Wealth in New York, told CNBC that open conversations about inheritance can “strengthen relationships” and “set realistic expectations.”
“Kids’ imagination can run wild with what they think they should be getting,” Boneparth said. “You should be clear and thorough about who receives what and why.”
Without those conversations, families risk emotional fallout. Buffett himself noted that he has “witnessed many families driven apart after posthumous dictates of the will left beneficiaries confused and sometimes angry.”
Handling Unequal Inheritances
Experts say honesty about unequal distribution is key.
One child might receive more because they needed extra support in the past — for example, help with a house down payment or higher college costs. Another might receive their inheritance through a trust if they have spending challenges.
Carolyn McClanahan, founder of Life Planning Partners in Jacksonville, Florida, suggested that parents can even discuss these differences with wealthier children directly.
“Ask your well-off child, ‘Do you really care how I leave our assets? Because your brother is an artist and could use a little more help,’” she said. “That way, no one feels slighted later.”
However, McClanahan cautioned that in rare cases, withholding certain details might be wise — especially if a child has exploited a parent financially or struggles with maturity. “If you have children who are not responsible, sharing that information can be damaging,” she explained.
A Lesson from the Oracle
Buffett concluded his message with humility and reflection:
“There is nothing wrong with my having to defend my thoughts. My dad did the same with me.”
His timeless advice underscores that clear communication, fairness, and empathy are just as important as money when it comes to a family legacy.
