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Kiplinger
Kiplinger
Business
Maurie Backman

We Inherited $250K: I Want a Second Home, but My Wife Wants to Save for Our Kids' College.

An older man takes a selfie of his family on the beach. .

Question: My father died and left me $250k. I want to use the money for a second home, but my wife wants to earmark it for our kids' college. Who is right?

Answer: By 2048, an astounding $124 trillion is expected to pass from older generations to younger ones. It's been called the Great Wealth Transfer, and it could have huge implications for those who will inherit wealth.

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