WSJ writes: Anne Tergesen’s wildly popular article “Counting on an
Inheritance? Count Again” warned baby boomers against expecting too much from
their financially strapped elderly parents.
A new U.S. Trust study gives similarly bad news to the children of baby
boomers.
Only 55% of boomers (those 47 to 66 years old) consider it
important to leave a financial inheritance to their children or other heirs,
compared to 76% of those 18 to 46 and 73% of those 67 and older, according to
the U.S. Trust Insights on Wealth and Worth survey, which canvassed 642 adults
with at least $3 million in investable assets, excluding their primary
residence. (Some 32% of the respondents had assets of at least $10 million.)
The survey was released on Monday.
The top five reasons cited for not leaving an inheritance to
children were…..
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