People are used to getting business advice and investment tips from leaders in the financial world. We hear about habits or trends that are beneficial for a person to adopt or common mistakes to avoid. But one topic that may be overlooked is what steps these business leaders take to protect and control their own assets when they are no longer able to do so themselves.
Estate planning is not something that comes up on a day-to-day basis, even though people make other financial decisions every day. Sometimes it can be helpful to be reminded that having a will or estate plan in place may be one of the most important financial decisions that a person can make. Recently, billionaire and influential business leader Warren Buffett tackled some questions related to his own personal estate plan.