Opinion
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-HazelmanContributorThe 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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