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What wealthy parents need to know about giving real estate to their kids
The great wealth transfer is leading to a great real estate transfer, with up to $25 trillion in real estate owned by older generations that could get passed down — and fought over — in their families. According to Cerulli Associates, $105 trillion is expected to be passed down by baby boomers and older generations by 2048. Real estate, including primary and vacation homes, as well as investment properties, is expected to be a large component. The silent generation and baby boomers own nearly $25 trillion in real estate combined, according to the Federal Reserve. Yet with property comes conflict. Wealth advisors ... (full story)
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