Friday, November 09, 2007

Baby boomers being left out of parents' wills

Boomers may see their inheritances redirected to their kids, says this dispatch from Australia:
It has been said that Generation Y, people born between 1978 and 1992, are likely to be the first generation in history that are financially worse off than their parents," said [Robert Monahan, senior estate planner at Australian Executor Trustee].

Grandparents seem to be picking up on this dramatic shift in fortunes and using their wills to do something about it.
Have you noticed a similar trend in this country?

No comments: