Peter S. Gordon Quoted in New York Times Article "The Flaw in Warren Buffett’s Estate Plan"

Peter Gordon was quoted in an article in the New York Times Business Section regarding Mr. Warren Buffett's instructions to his executors about his firm. "The Flaw in Warren Buffett’s Estate Plan" by Paul Sullivan, published on Feb. 28, 2020, discusses what will happen to Berkshire Hathaway and Mr. Buffett's wealth after he dies and the possible lawsuits to follow.

“Heavy concentrations of a single stock in a trust is an invitation to fiduciary liability,” said Peter S. Gordon, founding partner of the Gordon, Fournaris & Mammarella law firm in Delaware. [...]

Mr. Gordon said he discouraged clients who want to put restrictive language in trust documents. “I plead with them not to do it,” he said. “Give them guidance, a letter of wishes, say, ‘This is what I hope happens.’ But don’t put restrictions on the trust.”

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