i think buffets point is to find people within your lifetime to hand the money over to. i think the inheritance taxes he is seeking would limit giving money to

i think buffets point is to find people within your lifetime to hand the money over to. i think the inheritance taxes he is seeking would limit giving money to people in old age as a lottery. [quote] "Well, I tell them a couple things. I tell them that they are better off making their decisions early on than later. Rich people live longer than most people and it’s the last will that counts. And if you are going to be 95 with a young blonde sitting on your lap, it is probably not the best time to be thinking about what you are going to be doing with your money. So think about it earlier on and decide really what your plans are. "And I say, take care of everything you need yourself. The people I am talking about have a lot left over. Then try and figure out the way to improve the lot of the people in this world. "If people have been touched by a given illness in their family, they are going to focus on that. If the school they went to made a real difference in their life they are going to want to focus on that. "Bill and I make no recommendations to people as to what they do even when they do it, although I would be inclined to say there is some advantage in doing it earlier. In my case, by ten years after they settle on my death, all my money will be spent. It can’t go to institutions where they put it in endowments, it has to be spent. I would rather have the people I’ve selected during my lifetime handling it than some unknown person thirty or forty years hence."