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Bianca Hartge-Hazelman

Baby Boomers and their families ‘ill prepared’ for big wealth transfer

That women are likely to be the biggest inheritance recipients is good for financial gender equality outcomes, but there is work to be done.

Bianca Hartge-HazelmanContributor

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The great wealth transfer is underway, with women tipped to be the major beneficiaries by 2030. The only problem is that many of us – particularly those with the most money – just aren’t ready for it.

UBS says that more than 40 per cent of high net-worth individuals do not have a will, 50 per cent don’t know the value of their inheritance and 49 per cent do not know where all the wealth is.

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Bianca Hartge-Hazelman is the author of the Financy Women’s Index and founder of the Impacter app which helps businesses with diversity, equity and inclusion. Connect with Bianca on Twitter.

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    Original URL: https://www.afr.com/wealth/personal-finance/baby-boomers-and-their-families-ill-prepared-for-big-wealth-transfer-20231002-p5e95w