Study: Heirs in the dark on family wealth decisions

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BANK OF AMERICA announced the findings of a recent study conducted by Merrill Lynch Wealth Management that found a majority of wealthy people don’t let their family members know about their plans to pass on their assets. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI
PROVIDENCE – A new study found that 64% of “wealth holders” have never talked with family members about how or why they intend to pass on their assets. The study, conducted by Bank of America Corp. subsidiary Merrill Lynch Wealth Management, also said 48% of wealth holders plan to eventually communicate such information or they…

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