Estate Planning

Infographic: Is the Next Generation Ready to Manage Wealth?

The biggest wealth transfer in American history is underway and expected to continue during the next three to four decades as baby boomers transfer $30 trillion in assets to the next generation. There is a potential disconnect, as benefactors worry that their heirs are not prepared mentally or emotionally to manage their inheritance responsibly, while the heirs themselves may have more confidence than is earned.

Communication and education should begin at home long before any transfer of wealth occurs. Here’s a look at the reality of the looming wealth transfer and some tips for how to better prepare the next generation. 

 

Contact your wealth advisor

Whether you are teaching your children, learning from your parents or both, SunTrust can help.

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