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Baby Boomer’s Inheritance – The Mega Wealth Transfer That’s About To Happen

Baby Boomer’s Inheritance – The Mega Wealth Transfer That’s About To Happen

There is a mega transfer of wealth that is about to happen – in fact it’s estimated to be the largest inter-generational wealth transfer in history.

Based on a recent¬†study completed by CIBC, they estimated that Canadians between the ages of 50 to 75 will inherit $750B (yes, that’s billions) over the next decade.

This is a major amount of money that is about to change hands.

However, it’s interesting to note that it’s not going to be evenly distributed.

It is expected that the majority of these inheritances are going to be received by people who are already in a higher income bracket with those who earn more then $100,000 receiving on average a three times higher inheritance.

Just like many family relationships, how these inheritances are being transferred can also become complicated and may cause some family strife.

The following video tells some stories of just how messy some of these situations can be.

(If viewing this post on a mobile device Рplease click here for the video)

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