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How Boomers are Sharing Their Wealth
Inheritances are dwindling in the latest generation to reach retirement age, many hesitant to leave significant amounts of money to their children. A new trend is taking its place, however, in the form of a living inheritance. Boomers are more likely to give money to their children and grandchildren while they are still alive than through a will. This is the case for many reasons, the first being that they want to be alive to see the enjoyment that their children get out of their gift. Another, albeit more practical reason, is to make sure that the inheritance is not squandered and is instead used to more fulfilling and enriching endeavors. Whatever the reason, the trend is gaining more traction across the Boomer generation. For more information on this topic, visit this article by Kyle Krull with Wealth Management.
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