Warren Buffett, the 2nd wealthiest man in the world has made it known publicly that he intends to bequeath his enormous wealth to charity, rather than passing them on to his children. While he paid for their education, for the most part, I think the kids have been independent financially. A while back, there was a documentary about the relatives of the wealthy folks in the Western World who, some are struggling to make ends meet. But their parents are not interested in helping them out, rather dubbing them the members of the "Lucky S, club" Buffett has clearly stated that his children will not inherit any significant portion of his largesse.

What do you think? Granted, he is at liberty to do what he wants to do with his money, but really, does it really make sense to provide just enough for your kids to get by, with the lion share bequeathed to charity?

Me, I no think so. Family first!