Boomers Start Giving Children’s Inheritances To Charity
No longer is this just a billionaires trend
As the baby boomer generation ages in the new decade, they are likely to leave more money to charity than ever before. But it will come at the expense of their children's inheritance.
Several boomer billionaires have publicly said they will give most of their wealth to charity rather than to their children when they pass away. But many other boomers have been discretely planning similar moves, say wealth advisers.
"Based on what we’re seeing here I think the marketplace has vastly underestimated the amount of wealth which is going to go to charity in the next two decades as baby boomers are dying," says Andy Sams, director at TwinFocus, a multi-family office.
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