 Currently, the limit is $35,500 set back in 2019. Texas sued over the new rule, and the judge on Friday put it on hold while the challenge works through the courts. I'm Lisa Carton. Warren Buffett is changing the plans for his fortune after his death. The Berkshire Hathaway CEO has established a new charitable trust that will be overseen by his three children. The 93-year-old Buffett has earmarked about 99% of his wealth for philanthropic purposes once he dies.