Grandchildren are emerging as winners of the $4.9 trillion generational wealth transfer as the bank of nan and pop funds home deposits, cars and tuition fees.
Dorothy Dukai, pictured with grandson, Basil, 19 months, will use a testamentary trust. Peter Rae
Dorothy Dukai, 73, is leaving her children out of her will and giving everything to her six grandchildren via a trust.
She figures her four children – aged in their late 30s and 40s – are professionally and financially established so it’s best that the money be used to assist the youngest members of the family, including 19-month-old Basil.
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Original URL: https://www.afr.com/wealth/personal-finance/why-this-baby-boomer-is-bequeathing-everything-to-her-grandkids-20240904-p5k7v9
