The Pending Wealth Transfer Crash: Why Estate Planning Is Not Working
Baby Boomers are the wealthiest generation in American history, with an estimated $30 to $68 Trillion in assets. When this wealth transfers to the next generation, as much as 70% will fail to reach the children. Then, once again, an estimated 70% of what the children of Boomers inherit will not make it to generation three. Having a trust can make the problem worse. Americans are failing to plan, and even when they do plan, their plans are failing to work. Find out why, and what can be done.