Troubles over Estate Planning

[RetireBy90]

An interesting article from USAToday Feuds over estate planning more likely in a nation of blended families

Thought you might find interesting. Couple points I found interesting:

Quote:

Despite the downturn, though, more than $20 trillion will be transferred to heirs in the next 50 years — the largest transfer of wealth in U.S. history, according to the Center on Wealth and Philanthropy at Boston College.

And more blended families can lead to disputes

Quote:

More than half of all first marriages end in divorce and about 75% of divorced people will marry again, according to the National Stepfamily Resource Center. About 65% of these unions will include children from previous marriages. More than 40% of American adults have at least one step-relative, according to a Pew Research Center study earlier this year.

[Khan]

Quote:

Originally Posted by RetireBy90 An interesting article from USAToday Feuds over estate planning more likely in a nation of blended families Thought you might find interesting. Couple points I found interesting: And more blended families can lead to disputes

I've been reading about this "great transfer of wealth" for at least 20 years. Maybe the top 1% or so.
My anecdotal observation: most of that money is going to be spent on medical care before the baby boomers get anything.
My inheritance was $2K (mutual fund), and I didn't even expect that. Mother wanted to leave me something.

[Moemg]

If I am lucky this is my inheritance .