Study: Heirs in the dark on family wealth decisions

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…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -