NU Online News Service, Aug. 3, 2004, 5:20 p.m. EDT
Financial advisors should consider making more use of life insurance trusts to help rich clients transfer wealth.[@@]
Consultants at Cerulli Associates, Boston, make that argument in a new report on the wealth transfer market.
The consultants point out that members of the “Silent Generation,” or adults born between 1925 and 1941, will begin dying and passing assets to heirs even before the majority of rich baby boomers get serious about wealth transfer.