Posted on November 5, 2024
Posted on November 5, 2024
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mailto:jason@eckerdawllc.com Resetting Inheritance Expectations Tens of trillions of dollars are expected to pass from older Americans to younger Americans over the next two decades. However, research shows a growing disconnect between how much children expect to receive and how much their parents plan on leaving them. More than half of millennials say they expect to inherit approximately $350,000 or more from their aging parents but a study found only 22 percent of baby boomers said they expect to leave an inheritance. Part of this disconnect is that parents are not communicating with their family about their inheritances. You generally have no right to be included in your parents’ estate plan. However, if you believe sometiling nefarious happened, such as somebody taking advantage of a parent and convincing them to change their plan, you should speak up. I’ll discuss your disinheritance rights and options in the coming weeks. mailto:jason@eckerdawllc.com Resetting Inheritance Expectations Tens of trillions of dollars are expected to pass from older Americans to younger Americans over the next two decades. However, research shows a growing disconnect between how much children expect to receive and how much their parents plan on leaving them. More than half of millennials say they expect to inherit approximately $350,000 or more from their aging parents but a study found only 22 percent of baby boomers said they expect to leave an inheritance. Part of this disconnect is that parents are not communicating with their family about their inheritances. You generally have no right to be included in your parents’ estate plan. However, if you believe sometiling nefarious happened, such as somebody taking advantage of a parent and convincing them to change their plan, you should speak up. I’ll discuss your disinheritance rights and options in the coming weeks.