Questions?   Email me at: darcy@huttonradway.com

Intergenerational Wealth Transfer part 1

Over the next 10 to 15 years it is estimated that there will be $1.5 Trillion transferred from the Baby Boomers to the next generation as the boomers pass. This offers a tremendous opportunity for families of the next generation to work together as a group, as a small investment club to build on this inheritance and grow a strong financial legacy using Real Estate.

In this, the first of a 2 part series, I will tell the story of 3 different families and how they have handled this transfer of wealth. All true stories, the first family learned to work together and have built a fairly large and successful holding of multi family rentals, the second family drifted apart and now have minimal contact with each other while the third fought with each other and was driven apart by the new found wealth. With these stories I hope to illustrate how important it is not to waste this opportunity to grow the original inheritance into something that can benefit multiple generations.

In part 2, I will give some practical tips and advice on how to prepare for the transfer and various ways to get the most out of it once it happens. Look for this next week.