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Home may be where the heart is, but after it’s inherited, it’s where heirs have to manage upkeep and deal with family conflicts related to what to do with it. What should parents do instead? Somewhere along the way, homeowners came to believe a non sequitur of sorts, that the "American Dream" includes not only buying a house but also passing that same home on to their children. And financial advisers have largely supported this tactic for passing along generational wealth.But here's an unspoken

Before he became a controversial former president, Donald Trump was widely recognized for the wealth he gained in the real estate industry. But the story behind his billions is more intricate than it may appear. The Trump family’s journey into real estate success began with Trump’s father, Fred Trump. Fred Trump entered the construction business during a significant era in American history — the time of President Franklin D. Roosevelt’s New Deal, which aimed to boost residential construction thr

Parents need to plan strategically and seek expert help to pass on their wealth realistically

Baby boomers are set to pass down approximately $30 trillion in assets over the next few decades. This "great wealth transfer" has the potential to shape the greater economy as well as individual...

From custodial accounts to trusts, Baby Boomers can take part in the great wealth transfer in ways that won’t burden their kids with extra taxes. Editor’s note: This is part two of a three-part series aimed at helping parents and their children manage generational wealth. Part one is Four Ways Parents Can Help Kids Be First-Time Home Buyers.We are in the midst of a great wealth transfer. Baby Boomers who have built their wealth are now looking to help their children get a head start financially.