Millions of baby boomers will inherit money and property from their Depression-era parents within the next 15 years, a time with an unprecedented number of heirs. Some are struggling with decisions regarding the inheritance and how to manage property or wealth. This generation's frugal parents are estimated to leave a total of $8.4 trillion to their heirs.
“I see a lot of clients in that Greatest Generation who keep huge amounts in their checking accounts — $200,000, $500,000,” said Private Wealth Services Partner Meredeth Beers.
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