In his 2024 Thanksgiving letter, Warren Buffett provides a suggestion for all parents based on his own experience with his father.

According to Warren Buffett, following his advice can help parents strengthen their relationship with their children without causing hurt feelings or arguments.

"Buffett, CEO of Berkshire Hathaway, advised all parents, regardless of wealth, to have their children read their will before signing it in a letter to shareholders on Monday."

Buffett advised that parents should listen carefully to their children's suggestions and adopt any that are sensible, in order to ensure that their children understand both the logic behind their decisions and the responsibilities they will encounter upon their death.

He pointed out that you wouldn't want your children questioning testamentary decisions when you can't answer them.

Sharing your parents' estate plans with your children ahead of time can help avoid complications, surprises, and disagreements among heirs, according to New Jersey-based estate planning attorney Martin Shenkman, who spoke to CNBC in September.

Shenkman stated that once the parents are absent, emotions erupt like a flood, and no, the heirs do not always agree.

Buffett and Munger, who was his longtime friend and business partner, observed that after the death of the will, beneficiaries were often left confused and angry.

Buffett's dad successfully used this technique, Buffett says

Buffett frequently modifies his will, making adjustments "every couple of years," he stated. He usually talks about any changes with his kids and frequently considers their recommendations, he mentioned.

In his letter, Buffett announced a change in his will: He plans to appoint three independent trustees to manage his charitable trust after his three adult children, who are currently in charge of distributing his fortune, pass away.

"My children are well acquainted with the new trustees and find them comprehensible," he wrote.

Buffett is following a strategy he learned from his father, a former U.S. congressman, by defending his thoughts to his children.

Having open and honest discussions about estate plans with your children can strengthen your bond, Buffett stated. Experts suggest that being transparent and open to having candid talks can establish trust and promote healthy relationships.

"Buffett wrote that he and Charlie had observed instances where a wealthy parent's will, which was thoroughly discussed prior to death, brought the family closer together. "Could there be anything more fulfilling?""

Don't miss our special Black Friday offer: 55% off all Smarter by CNBC Make It online courses. Our courses will teach you how to earn passive income online, master your money, ace your job interview and salary negotiations, and become an effective communicator. Use coupon code THANKS24 to get the best deal of the season—offer valid 11/25/24 through 12/2/24.

Sign up for CNBC Make It's newsletter to receive expert advice on work, money, and life.