Wednesday, December 19, 2007


The Emotional Cost of Having No Estate Plan

If you think only the children of the rich and famous squabble over inheritance, think again. Many otherwise placid middle-class families experience the tumultuous fallout caused by the lack of or poorly designed estate plans.

Incidents of ugly family feuds due to inheritance may even rise as economists say approximately $12 trillion – the largest intergenerational transfer of wealth in history – began to take place in mid-1990 and will continue until around 2020. This is the time when the security-minded generation who lived through the dark days of the Great Depression pass on their accumulated wealth to the lifesavings-strapped Baby Boomers.

The Emotional Cost of Having No Estate Plan
Source: Insurance News Net

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