Monday 25, April 2011 by
Boomers mixed on wealth transfer to next generation
Fewer than half (49 per cent) of very wealthy parents in a nationwide survey said it is important to leave a financial inheritance to the next generation even though they consider the success of their children to be one of the most important measures of their own success, according to U.S. Trust Insights on Wealth and Worth. Given their wealth, surprisingly few of those surveyed have well-developed plans to preserve and pass on their assets to either their children or charity, raising questions about the planning process itself and what will become of what has been expected to be history’s largest transfer of wealth.
