Planning to leave an inheritance? Time to clear the heir. Boomers and Millennials aren't on the same page about inheritance plans
A recent survey conducted by Ipsos for Sun Life revealed that Boomers intend to leave a much greater inheritance than Millennials are expecting to receive.
- A recent survey conducted by Ipsos for Sun Life revealed that Boomers intend to leave a much greater inheritance than Millennials are expecting to receive.
- Boomers who cite they are giving 100% of their inheritance to their child(ren) intend to leave an average amount of $940,000 compared to the average $309,000 Millennials expect to receive.
- This gap increases when Boomers work with a financial advisor and expect to leave just over one million dollars.
- "It's important for Boomers and Millennials alike to have transparent conversations about estate planning and it pays to start early.