Doubt it, the medical industry will make sure they put all these people into massive debt with just a few years of care and banks and debt collectors will be sure nothing is left behind.
Inheritance headlines hide a lot of variance. Between healthcare costs, taxes, late-life spending, and liquidity constraints, what actually transfers is often very different from what’s on paper.
There is also this habit of Boomers selling their properties and renting so they can live more elaborately lives in their final few years. Not much financial value is available to the will. They've left it all to Carnival Cruiselines.
Gen X and Millennials will have to buy from foreign and expat owners just like they already have to now.
Doubt it, the medical industry will make sure they put all these people into massive debt with just a few years of care and banks and debt collectors will be sure nothing is left behind.
Inheritance headlines hide a lot of variance. Between healthcare costs, taxes, late-life spending, and liquidity constraints, what actually transfers is often very different from what’s on paper.
Not if Private Equity can help it!
There is also this habit of Boomers selling their properties and renting so they can live more elaborately lives in their final few years. Not much financial value is available to the will. They've left it all to Carnival Cruiselines.
Gen X and Millennials will have to buy from foreign and expat owners just like they already have to now.