Tracy Craig Quoted in WSJ, SmartMoneySeptember 25, 2012
Worcester, Massachusetts - September 25, 2012 - Tracy A. Craig, a partner and chair of Mirick O'Connell's Trusts and Estates Group, was quoted in The Wall Street Journal's SmartMoney blog about the decision of whether or not to leave an inheritance to your children.
With the end of the year approaching, and the possibility of further changes in the federal estate tax looming, many families have inheritances and legacies on their mind. And among well-off boomers, the idea of providing something for their heirs remains a strong motivator. Fifty-five percent of boomers with $3 million or more in investable assets consider it important to leave their kids a financial inheritance, according to most recent U.S. Trust Insights on Wealth and Worth study.
Read entire post here: Can An Inheritance Do More Harm Than Good?