Breaking the Silence

March 18, 2008

Original publication: New York Times

Date of publication: March 18, 2008

WHEN Dal LaMagna, founder of the Tweezerman company, considered how to leave his wealth to his two children, he thought back to his early 30s, just before he achieved success. At the time, said Mr. LaMagna, 61, "I thought if I could get 600 bucks a week, I could retire on that, and I would be very happy."

...

With the largest intergenerational transfer of wealth in American history now under way - the Boston College Center on Wealth and Philanthropy has estimated that $41 trillion will change hands by 2052 - Mr. LaMagna and others are reconsidering the meaning of inheritance, thinking not just about the money but about the values they want to pass with it.

Read the full article in the New York Times.

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