The so-called "great wealth transfer" is already underway, with over $68 trillion set to be passed down by baby boomers to their children.
As a CFP, Miura helps her clients grapple with their own inheritances and transfers of wealth.
Adults who expect to receive an inheritance anticipate getting an average of $738,724, according to a recent New York Life Wealth Watch Survey.
The newly inherited wealth will take many forms: 58% of those expecting an inheritance anticipate receiving cash, 43% expect property and 28% expect investments.
If you're among the many Americans unsure how to manage a windfall, here are four tips to help you be financially smart about your inherited wealth.
Persons:
Danielle Miura, Miura, I've
Organizations:
New York, CNBC, Wealth Watch Survey
Locations:
New