Inherit The Rind
The stakes are huge. People 65 and up are holding some $5.2 trillion in wealth, says Robert Avery, professor of consumer economics at Cornell University. In around 10 years, when the boomers’ parents start to die, an unprecedented amount of property will be up for grabs. Thirty years ago, perhaps 15 percent of Americans were able to leave estates worth $50,000 or more in today’s dollars, Avery says. Now it’s 25 to 30 percent....