Warren Buffett has had an illustrious career, and Berkshire Hathaway shareholders have benefited greatly from his long-term success. But with Buffett turning 90 years old later this year, even the Oracle of Omaha is starting to think about his own mortality.
Buffett acknowledged those concerns in his annual letter to shareholders, reassuring investors that Berkshire is ready to go on without him. In describing what's in his estate planning documents, Buffett showed that he believes an orderly distribution of his Berkshire shares is in the best interests of both his estate and the overall company.