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    Sep 10 12

    Buffett Birthday Benefits His Children’s Charities

    Newport Beach Law Firm

    Warren Buffett celebrated his 82nd birthday
    Thursday by announcing an additional $3.1 billion in donations to the charities
    run by his three children.

    Most of us spend our birthdays
    receiving gifts. In fact, that’s been the standard operating procedure since
    our first birthday.

    We all can learn from Warren
    Buffet’s example, however, and the so-called “reverse birthday.”

    In an article titled “Buffett gives $3 billion to his kids'
    foundation
    s
    ,” CNN Money
    reports how the Oracle of Omaha celebrated his most recent birthday “in
    reverse.” While Mr. Buffett already pledged some 17.5 million Class B shares of
    his firm, Berkshire Hathaway, to each of his three children and their
    respective charitable organizations back in 2006, now, in an open letter to his
    children, he has doubled down to about 29.7 million Class B shares. Mr. Buffett
    himself even estimates that the annual distribution will average more than $100
    million each.

    Whether there’s an approaching
    birthday or other occasion to celebrate, there may be something to take away
    from the Oracle’s example. Mr. Buffett is giving to his children and working to
    charitable ends in the same moment.

    So who do you love, what do you
    care about, and what are your loved ones passionate about?

    Contact Meier Law Firm to discuss your gifting options.

    Reference: CNN Money
    (August 30, 2012) “Buffett gives $3 billion to his kids'
    foundation
    s




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