“Over the next several decades, baby boomers – the wealthiest and one-time largest generation in U.S. history – will pass down an estimated $30 trillion in assets to their children and grandchildren,” notes the author of today’s article which looks at the considerations this so-called “great wealth transfer” creates for boomers, their heirs and the financial industry itself. The first thing boomers should consider, according to one financial planner cited? Whether they will end up having an estate to transfer at all due to the costs of long-term care. To read more, CLICK HERE.
