Warren Buffett's Investing Plan for His Family: Why It's a Good Plan for Your Family, Too
You've no doubt worked hard to take care of your family. But what would their financial situation be if something happened to you? That's a situation that no one likes to think about, but it's an important one to consider.
Ideally, you will either have saved enough to provide for your family or have adequate life insurance policies in effect that would take care of them. Even if that's the case, though, it raises another question: What should your family do with the money after you're gone to ensure they're financially secure?
There are many potential answers to this question. We could get into a lengthy discussion of asset allocation and look at ways to diversify investments. Instead, let's look at what Warren Buffett has to say on the matter. Buffett is one of the most successful investors in history. He's laid out an investing plan for his family to be followed when he's gone. Here's what Buffett's plan is -- and why it's a good one for your family, too.
Source Fool.com
