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Tips From the Pros: Population Trends and Trust Planning

Al W. King III discusses intergenerational estate planning, taking into account the needs and concerns of the various generations of family members.

Millennials have surpassed Baby Boomers as the largest living adult generation.1 Twenty-five percent of Millennials are still living in their parents’ homes, which has resulted in 20% of the population living in multigenerational households.2 The Baby Boomers hold half of the $140 trillion of wealth in the United States, and their Millennial and Generation Z (Gen Z) children and grandchildren are projected to be the primary beneficiaries.3 One problem is that

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