Two-Thirds of Wealthy Parents Skip Inheritance Talks

New study finds two-thirds of wealthy older parents havent discussed inheritance plans with adult children, potentially leading to family disputes. Financial experts advise transparency to prevent misunderstandings. Study focuses on parents aged 55+ with $500k+ in assets and their children aged 25-54. One hundred and twenty-four trillion dollars expected to transfer to heirs and charities between 2024-2048. Sharing estate planning details can help prevent future family friction and ensure a smoother process during grief.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.