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Subject:  No Inheritance for BabyBoomers' Children Date:  9/6/2011  4:44 AM
Author:  intercst Number:  69546 of 81375

Heck, the way things are going, there'll be no inheritance for the Baby Boomers, much less their children.

In a survey of millionaire boomers by investment firm U.S. Trust, only 49% said it was important to leave money to their children when they die. The low rate was a big surprise for a company that for decades has advised wealthy people how to leave money to their heirs.

"We were like 'wow,'" said Keith Banks, U.S. Trust president.


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