average amount of inheritance
When Gokhale and Kotlikoff released their study three years ago, the findings opened the eyes of baby boomers, who for years were told that they stood to inherit, by one count, $10 trillion between 1990 and 2004, with an average inheritance of about $135,000 for every boomer.
Inheritance Tax is paid if a personâs estate (their property, money and possessions) is worth more than Â£325,000 when they die. This is called the âInheritance Tax thresholdâ.