Berkshire Hathaway (BRK-A, BRK-B) Chairman and CEO Warren Buffett revealed his plans for transferring his wealth and managing his Berkshire holdings, including a mass conversion to Class B shares that will be donated to several of his family’s charity organizations.

Wealth host Brad Smith explains Buffett’s inheritance plan for his family and recent will adjustments, putting it into the greater context of how families can preemptively plan for their own wealth transfers between generations.

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This post was written by Luke Carberry Mogan.