Some boomers aren't waiting to die to pass on their wealth — their millennial kids need it now

• Boomers are gifting wealth earlier to their millennial kids, two financial planners told BI.
• The proactive inheritances come as millennials have more debt and struggle to buy homes.
• Financial planners say transferring wealth earlier can make it more useful to the recipients.

Sophia Bera Daigle, the founder and principal financial planner at Gen Y Planning, said one of her clients, a doctor, has been gifted $10,000 a year from his parents for the past few years.

Recently, the client's parents told him they were going to up that amount — to $60,000 a year for the next 10 years — but that would be it.