Why So Many Families Are Unprepared for the Great Wealth Transfer — and What You Can Do About it
Source: kiplinger ·
Over the next 20 years, US households are expected to transfer an estimated $124 trillion in financial assets to heirs and beneficiaries, with the majority going to Gen X and millennial offspring. However, a national survey reveals a significant gap in expectations and knowledge between older and younger family members about the money and property at stake. Many families are unprepared for the inheritance process due to reluctance to discuss financial matters.