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One need only look at the present amount of wealth stashed in personal trust funds -- nearly $850 billion, or roughly one-half of the wealth in 401(k) plans -- to confirm that the baby boomer generation will pass a staggering amount of wealth on to their children and grandchildren by means of such funds.
March 02, 2004 at 12:00 AM
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The original version of this story was published on The Legal Intelligencer
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