Over the next two decades, more money will change hands in this country than ever before. Researchers call it the Great Wealth Transfer: an estimated $124 trillion moving from baby boomers and older generations to their heirs between now and 2048, according to Cerulli Associates. Here's the part most families haven't thought through: a huge share of that transfer isn't going to adult children first. It's going to a surviving spouse — and for most couples, that surviving spouse will be the wife. π π The numbers behind it Of that $124 trillion, roughly $54 trillion is projected to pass to widowed spouses. 95% of those surviving spouses will be women. About $40 trillion will go to widows who are baby boomers or older. The reason is simple biology and statistics: women in the U.S. outlive men by close to five years on average. That gap means most wives will eventually be managing money — and a house — on their own. ⏳ πΈ Why it's called a "tax" Here's t...
If you're starting the search for your next home — whether that's a smaller single-level house, a condo, or a spot in a senior living community here in Washtenaw County — you've probably already made a mental list of everything you want. A first-floor primary suite. π️ A walk-in shower. πΏ A garage close to the door for those icy Michigan mornings. ❄️ Maybe a sunroom for your plants. πΏ Here's the thing almost every buyer discovers once they actually start touring homes: no property checks every box. That's not a failure of the search — it's just how home shopping works. The real skill isn't finding the mythical perfect house. It's knowing, before you start looking, which items on your list you can't live without and which ones you'd simply enjoy having. The National Association of REALTORS® recently put out a simple framework for sorting this out, and it's one I use with almost every client I work with on a downsizing or relocation move. ...