But the young are often not the primary beneficiaries. Cerulli Associates reports an estimated $54 trillion in wealth will pass to surviving spouses by 2048 in the U.S., with more than 95% of these transfers expected to go to women. The average for an inter-spousal transfer is cited as $1.4 million. Those beneficia-ries, older women, are of an age... See more
Over the next 20 years, Baby Boomers will pass down $30 trillion to the next generation. This will be the greatest wealth transfer in human history, yet only 30% of Americans have a will.
The smart people in finance get it
Years from now, they will be called lucky - they were in the right place at the right time
But I talk to people every day who know what’s coming down the road
They have figured out the implications of The Great Wealth Transfer... See more