Counting on an Inheritance: A major transfer of wealth is occurring. Over $100 trillion will flow from baby boomers to their children in the next quarter century. Consequently, more than 65% of Americans expect an inheritance—or have already received one. This hope shapes financial decisions. Nearly 10% of Americans save less, often counting on future wealth.

However, expecting an inheritance, especially a family home, is risky. Unfortunately, the reality can cause disappointment. Soaring health care costs, assisted living expenses, and inflation all take their toll. Sometimes completely vanishing. Reverse mortgages, home equity loans, and unpaid property taxes quickly drain value. Moreover, poor estate planning leads to probate. This process is costly and slow.

Additionally, inheriting a home means inheriting expenses. Property taxes, maintenance, and insurance can turn a gift into a burden. Just about one-fourth of Americans have a will or trust. Without either, heirs face chaos. To protect your heir’s future: Draft a clear estate plan.

Counting on an inheritance can feel like a windfall. Rising costs, debt, and legal issues can wipe out wealth. Instead, save and invest wisely. Treat any inheritance as a bonus, not your safety net.