Fifteen wealthy people who will be leaving the majority of their estate to charity

Estate Planning may never be the same:

Not all of the world’s billionaires are dedicated to being extraordinarily altruistic — many decide to spend their money indulging in fancy cars, planes, and yachts.

But others want to spread as much of their wealth as possible before they die. A select few even want that last check to only cover the cost of their funeral.

Of course, not everyone stands to gain from such selflessness — namely, the children of these generous donors.

Though they will still have untold opportunities, advantages, and connections, to help them succeed, the children of these 15 tycoons won’t be living large off their inheritances.

  1. Warren Buffet
  2. Pierre Omidyar
  3. Michael Bloomburg
  4. Gene Simmons
  5. Gina Rinehart
  6. Bill Gates
  7. Jackie Chan
  8. Bernard Marcus
  9. Chuck Feeney
  10. Nigella Lawson
  11. Ted Turner
  12. John Arnold
  13. Andrew Lloyd Webber
  14. George Lucas
  15. T. Boone Pickens

Most of the above, is in response to The Giving Pledge, an initiative started by Bill Gates and Warren Buffet, encouraging billionaires and other wealthy individuals to give away at lease 50% of their wealth to charity.

In regards to their estate planning, quite a few want the last check they write to bounce.

See the full story:

http://finance.yahoo.com/news/15-tycoons-who-won-t-leave-their-fortunes-to-their-kids-195610442.html?page=all