Wednesday, July 26, 2006

A Mammoth Wealth Transfer Awaits the Area, Study Predicts

A Mammoth Wealth Transfer Awaits the Area, Study Predicts: "A Mammoth Wealth Transfer Awaits the Area, Study Predicts

By Jacqueline L. Salmon
Washington Post Staff Writer
Wednesday, July 26, 2006; Page A01

Washington area residents are expected to bequeath $2.4 trillion over the next 50 years -- an amount to be divided among heirs, charities and estate taxes -- in what is believed to be the largest transfer of wealth in the region's history, according to a new study.

Their beneficiaries will inherit about half of those assets, charities will get close to $460 billion and estate fees and taxes will eat up the rest, according to the study by Boston College's Center on Wealth and Philanthropy, to be released this week."

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