A:

Warren Buffett's estate is worth tens of billions.

The famous investor plans to donate at least $37 billion to the Bill and Melinda Gates Foundation for the advancement of health and educational causes around the world. Buffett has left considerably less for his children, including a small amount of Berkshire Hathaway stock and some real estate property. Buffett has expressed an interest in promoting self-sufficiency and strong work ethics for his family.

As such, most of the Buffett estate is already earmarked for charity. Buffett is a proponent of a bigger estate tax on wealthy individuals. Alongside George Soros, he has called for a dramatic increase in the tax rate on estates. His decision to contribute the majority of his investments to charity is a reflection of his personal beliefs about wealth and taxes. His estate consists of investments he plans on donating and cash that he hopes his heirs will keep in safe investments.

Providing advice on how the funds from his estate should be managed after his death, Buffett wishes to have the cash from his estate be used to purchase index funds. Buffett hopes to contribute his stock to charity and have the cash portion of his estate invested in passive S&P 500 index funds that will maintain his investment's value. Having gained his wealth from stocks, Buffett has said he believes the value of his estate would be best maintained using the stock indexes.

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