More than $100 trillion dollars will be handed down to heirs over the next couple of decades as the pace of the Great Wealth Transfer accelerates, according to a new report.
The research firm Cerulli Associates says $105 trillion will be passed on to heirs by 2048, while charities will receive $18 trillion over the same period.
Baby Boomers, the Silent Generation and other older generations will be the major benefactors.
“Nearly $100 trillion will be transferred from Baby Boomers and older generations, representing 81% of all transfers.
More than 50% of the overall total volume of transfers ($62 trillion) is expected to come from those who are currently high-net-worth (HNW) and ultra-high-net-worth (UHNW), which together make up only 2% of all households.”
Over the
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