The Great Wealth Transfer Isn't Just for Wealthy Americans: How Will You Handle Your Share?

A financial adviser watches as an older woman signs paperwork while her adult daughter looks on at the kitchen table.

Americans who are over the age of 55, mainly baby boomers, own more than half of the country's wealth. Over the next two decades, it will be passed down to the generations that follow, marking the greatest wealth transfer in our country's history.

While many of us look at inheritance as something purely for the wealthy, 66% of Americans either expect to or have already received an inheritance from their parents, according to a survey from Choice Mutual.