trusts

Warren Buffett Entrusts His Children With ‘Not So Easy’ Task To Donate His $143 Billion Wealth; Eldest Son To Become Next Berkshire Hathaway Chairman

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Warren Buffett Entrusts His Children With ‘Not So Easy’ Task To Donate His 3 Billion Wealth; Eldest Son To Become Next Berkshire Hathaway Chairman

Berkshire Hathaway chair Warren Buffett is the sixth wealthiest person in the world, with a net worth of $143.7 billion. The 94-year-old billionaire investor appears to prioritise his estate plans while continuing to steer Berkshire’s investment decisions. The Oracle of Omaha has decided to donate his entire wealth to charitable trusts when he passes away. … Read more

Trusts fear new tax to shrink coffers, hurt charity work

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Trusts fear new tax to shrink coffers, hurt charity work

Mumbai: Large trusts of corporate houses, CSR foundations, and many non-profits are in a dilemma as the March 15 deadline for advance tax approaches. The bone of contention is a new law that kicked in from FY24 and imposes a tax on the slice of the money that larger trusts give to smaller NGOs doing … Read more