The biggest inheritance mistakes seniors make

The rapid population growth of Baby Boomers across North America is a well-documented phenomenon, but it’s not just demographics that will change as a result of the aging population: economics will also be significantly impacted.

In the next 40 years, more than 40 trillion dollars of intergenerational wealth transfer will occur in the United States alone in the form of inheritances and estates as millions of Baby Boomers and Generation X’ers retire and pass money on to their children.