Inheritors Not Prepared To Inherit, FIS Says

According to FIS, a financial technology firm, thirty trillion dollars will pass from the older generation to the younger within the next decade. However, only 10% of the over 1,700 Americans surveyed believed that they would be receiving an inheritance in the near future. This statistic suggests than many consumers are uninformed on how wealth transfers – even smaller ones – work. A large number of those surveyed do not comprehend the importance of professional financial advice. A recent report says that nearly half (48 percent) of Gen Xers would first turn to a friend or family member for inheritance advice and one-third of baby boomers would try to handle it themselves. Here is a May 16, 2018 article on this topic.  Enjoy!  https://www.fa-mag.com/news/inheritors-not-prepared-to-inherit–fis-says-38718.html?utm_source=FA+Subscribers&utm_campaign=8909dc6d44-FAN_AM_Send_021318_A-B_Split&utm_medium=email&utm_term=0_6bebc79291-8909dc6d44-222494717

Written by Legacy Planning Law Group

Legacy Planning Law Group is dedicated to working with individuals and families to help protect the assets they have built throughout their life, and make everything simpler for families who have lost a loved one. We help thoughtful people achieve the peace of mind that comes with planning their personal legacy and passing on family harmony.

Written by Legacy Planning Law Group

Legacy Planning Law Group is dedicated to working with individuals and families to help protect the assets they have built throughout their life, and make everything simpler for families who have lost a loved one. We help thoughtful people achieve the peace of mind that comes with planning their personal legacy and passing on family harmony.