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Almost two-thirds of Australians expect to leave an inheritance, with approximately $175 billion annually set to be transferred from those over 60 to younger generations over the next couple of decades. Children are the primary beneficiaries, with two in three people planning to leave assets to their kids, though this trend is expected to exacerbate wealth inequality between those who receive inheritances and those who don't. Financial experts recommend paying off high-interest debt first, investing wisely, and having updated wills with professional legal advice to avoid family disputes. Subscribe and set 🔔 » https://7news.link/YTSubscribe | For the latest Australian news and breaking news alerts, connect with 7NEWS online: Visit » https://7news.com.au 7Plus » https://7plus.com.au/ 7NEWS Podcast » https://open.spotify.com/user/dm9fk9h... Facebook » / 7newsaustralia TikTok » / 7newsaustralia Instagram » / 7newsaustralia X » https://x.com/7NewsAustralia 7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, Spotlight and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes at 6pm and weekdays at 12pm and 4pm on Channel 7 and 7plus. #BREAKINGNEWS #7NEWS