“Wealth, Inheritance and the Estate Tax”

The National Center for Policy Analysis, a Texas-based think tank devoted to shrinking government, has announced a new study of wealth and the estate tax.

The study confirms what trust and wealth-management marketers already know: most wealth isn't inherited.

The study also suggests that rich families don't usually stay rich: “More than three-fourths [the] children in the [wealthiest] 5 percent of households are no longer in the top 5 percent when they retire.”