The handover of assets from U.S. Baby Boomers to their children, expected to rank among the biggest wealth transfers in history, is well under way.
The decisions made with recently inherited assets can have significant permanent tax implications.
If you want to hold on to more of your hard-earned benefit, consider spending your senior years in one of 37 states.
Janet Yellen and Ron Klain say the tax burden will shift more to the rich.