Core Insights - The "great wealth transfer" is projected to result in $84 trillion being passed down from American baby boomers to their heirs over the next 20 years [1] - Many parents are considering financial gifts to their adult children, balancing the desire to provide support with concerns about their children's readiness for sudden wealth [1][2] - A significant portion of parents (65%) in the U.S. provide financial assistance to their adult children aged 22 to 40, indicating a trend towards intergenerational financial support [3] Group 1 - The great wealth transfer is expected to reshape personal finance and homeownership dynamics for younger generations, potentially making millennials the wealthiest generation in U.S. history [4] - Experts suggest that those receiving early inheritances, such as gifted homes, should plan for future maintenance and renovations, highlighting the importance of financial preparedness [5] Group 2 - Financial advisors are increasingly being sought to assist with planning for wealth transfers, including the complexities of inheriting properties [6]