As baby boomers head deeper into retirement, financial experts say we are on the verge of a “great wealth transfer.” By 2048, approximately $105 trillion in assets will be transferred to heirs as the ...

“When most people think of generational wealth, they’re thinking, ‘I own this home that’s worth $600,000 with a $500,000 mortgage. I’m going to work to pay down my mortgage to 0, that way then I can ...

By definition, generational wealth, also referred to as family wealth or legacy wealth, represents wealth passed down from ...

Before you establish trusts or portfolios, you must codify your family values. Ask: What do we believe about work, giving, ...

When ChatGPT was asked to define generational wealth, it explained it as “assets and financial resources that are passed down from one generation to the next, providing ongoing financial stability and ...

As the old saying goes, you can’t take it with you. But at the same time, leaving something to your kids is nice too. But the kids of Gen X — Gen Z and some millennials — might be in trouble, ...

My mother never had substantial savings, investments or anything of value other than her house. It was her wish to pass on her only significant asset to her three kids: me, my brother and my sister.

According to a recent survey by Credit Karma, 20% of Gen Z and 25% of millennials said they're doing or plan to do a “no buy” or “low buy” challenge because they are planning to grow their family. A ...

Black entrepreneurs and franchise leaders gathered at the Reginald F. Lewis Museum in Baltimore on Sept. 27 to explore how ownership and franchising can create generational wealth. Now in its 11th ...

After more than three decades serving clients as Abbott Wealth Management, the Kamloops-based firm has announced a major ...