Why the ultra-wealthy structure inheritances like a 'faucet'—not a 'firehose'

The coming $80 trillion-plus great wealth transfer could see an unprecedented amount of wealth transferred from flush baby boomers to their Gen X and millennial heirs over the next few decades. The inheritance process will be a life-changing event for many—but it is also one that comes with considerations that families don’t anticipate. That’s why one money manager says it’s a good idea to borrow strategies from the ultra-wealthy, who put considerable time and thought into the inheritance process. Dawn …