$50,820,000,000,000 of Highly Anticipated ‘Great Wealth Transfer’ Will Evaporate in Just Two Generations: Report

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The vast majority of the much-hyped great wealth transfer from baby boomers to their heirs will vanish in relatively short order, according to a new report. An eye-popping 70% of the $72.6 trillion that’s expected to be inherited will be lost across just two generations, reports Worth Magazine, citing research from the Williams Group. That means $50.82 trillion of the inherited wealth will disappear due to factors like overspending, taxes, mismanagement and family disputes by the time the second...