Wealthy families have always struggled with this issue. But the same drama is now playing out on a smaller scale for millions of baby boomers, who are poised to give away $30 trillion over the next 30 years — the largest transfer of wealth in U.S. history, according to consulting firm Accenture. What used to be a private family matter has become a public discussion about wealth, privilege and personal responsibility. Who gets the big money? Should it be the heirs? Or are they better off without it?
- Why the super-rich aren’t leaving much of their fortunes to their kids?
- Why the super-rich aren’t leaving much of their fortunes to their kids?
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