Baby boomers are expected to transfer more than $50 trillion in wealth during the next 20 years, with much of it going to Gen X and millennial children. But many don’t want to wait until they die to help their heirs and charities.
Legendary investor Warren Buffett has pledged to give away most of his fortune before he dies so he can make a difference during his lifetime. Other wealthy individuals, such as Bill Gates, have also adopted Buffett’s pledge.
