Thursday, June 15, 2006

How much will you inherit? - Jun. 14, 2006

How much will you inherit? - Jun. 14, 2006: "- Coming into money has never gone out of fashion. Just page through the novels of Austen or Dickens or Wharton to see how inheritance shaped social destiny.

Fast-forward to 2006, and inheritance is as heated a topic as ever. (Witness the Murdoch family or Anna Nicole Smith.)

The largest intergenerational transfer of wealth ever is now underway, measuring $45 trillion (the low estimate from the Center on Wealth and Philanthropy at Boston College)."

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