Boomers who want to transfer wealth to their adult kids should make sure their finances can pass a stress test

Tech Insider : Economy
Man taking a photo of woman near the ocean
Financial planners say baby boomers need to make sure they're financially set before passing down wealth.

AscentXmedia/Getty Images

I'm a millionaire, but I'm only leaving my kids a small inheritance. I want them to earn their money like I did.

Tech Insider
Payam Zamani and his family at a restaurant, sitting in a booth and smiling at the camera.
Payam Zamani arrived in the US with only $75 and is now a multimillionaire.

Courtesy Payam Zamani

Inheritance can tear families apart. A financial therapist shares 3 ways to manage conflict.

Tech Insider
Two comic-book like illustrations of women covering their eyes in front of dollar bills.
Inheritance can bring up guilt, shame and resentment in families.

Rebecca Zisser/BI

Spouses — mostly women — could inherit $9 trillion from their partners in the next 25 years

Tech Insider : Economy
Women's economic power is going to change as Baby Boomers transfer their wealth to milennial women.
Women's economic power is going to change as Baby Boomers transfer their wealth to milennial women.

We Are/Getty Images

Boomer dad, who is 6 months away from retirement, has already started gifting his Gen X and millennial kids their inheritance

Tech Insider : Economy
An older couple enjoying a cup of coffee on their deck overlooking the mountains
More boomers are proactively transferring their wealth to their adult kids.

Jordan Siemens/Getty Images

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

Tech Insider : Economy
Older couple walks on beach holding ice cream cones
Some boomers are passing on their wealth to their kids as a kind of proactive inheritance.

FatCamera/Getty Images

12 ultra-wealthy people who aren't leaving their fortunes to their children

Tech Insider : Business
Bill Gates and his daughter Phoebe arrive for TIME 100 Gala at Lincoln Center in New York on June 8, 2022.
Bill Gates and his daughter Phoebe in June 2022.

ANGELA WEISS/AFP/Getty Images

An heiress asked a group of strangers how to give away her $27 million inheritance. They've now told her what to do.

Tech Insider
Marlene Engelhorn
Marlene Engelhorn, recorded at the Republica festival, 2023.

Monika Skolimowska/picture alliance via Getty Image

Inheritances can change lives — for better and for worse. Here are some heartbreaking stories I've seen as an estate lawyer.

Tech Insider
Last Will And Testament
Jennifer Rozelle said it breaks her heart to see families fighting over inheritance.

iStock; BI

My children and I inherited $741,000 from my aunt. I made one mistake with the money that I wish I could take back.

Tech Insider
A three panel photo collage showing a home, piggy bank, and a silhouette
Sarah Adams became the guardian of her children's inheritance and regrets what she did with it.

clu/Getty, TomFullum/Getty, Mathias Darmell/Getty, Tyler Le/BI

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