Billionaire Warren Buffett urged U.S. lawmakers Monday to raise taxes on the country’s super-rich to help cut the budget deficit, saying such a
move will not hurt investments. Buffett, one of the world’s richest men and chairman of conglomerate Berkshire Hathaway Inc , said his federal tax bill last year was $6,938,744. Buffet went on to say “That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income – and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent,” he said.

Mr. Buffett enjoys the benefits of a sophisticated financial plan.  He has also established an estate plan that enables his loved ones a comfortable life and the realization of philanthropic activities. Although we may not all be as rich as Warren Buffet, and most of us don’t want to be taxed more we should follow his example and plan for both life and death. Remember you only die once, make sure you do it right consult an estate planning attorney to ensure your loved ones enjoy your legacy.

For more information on successful Florida estate planning and probate, please contact the South Florida law firm of Wild Felice & Pardo, P.A. at 954-944-2855 or via email at to schedule your free consultation.

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