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Should you give family money to kids, or to charities? »

Posted by: sarahgilbert 1 year, 7 months ago

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Warren Buffett doesn't believe in giving money to his children, calling it "un-American," while most billionaires happily make their children the trustees of their riches. What would you do?

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sarahgilbert1 year, 7 months ago

I think it depends on your kids -- but I'd rather give money to family than a non-profit with unknown values and, let's be honest, they could change management entirely a few years after you'd passed on and suddenly your money is being spent for the thing furthest from your wishes.
and having seen the way some non-profits operate ... *shivers*
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