THE COVER STORY
Canada is in the midst of the largest intergenerational wealth transfer in its history, with an estimated $1 trillion in family wealth being passed down from the so-called “Greatest Generation,” raised during the Depression and the Second World War, over the next couple of decades. But for many Boomer recipients of this massive mass inheritance, the money can’t come soon enough.
Half of homeowners in their 50s still have mortgage debt, and an equal share of Canadians expect to retire before they’ve paid off their homes.
Laden with credit card debt and car loans, Boomer children need cash to maintain their standard of living, say experts, and their desperation is starting to show.
Court files are replete with challenges to wills involving claimants nearing retirement age, while the sheer nastiness of family battles is on the rise.
Parent against child, sibling against sibling, Maclean’s takes readers inside the inheritance wars.
Our new issue — on digital newsstands Wednesday, in real-life Thursday and beyond.