When Boomers Inherit, Complications May Follow

Sara Rowbotham Cornell named her Boston-based digital media company in honor of her parents’ longtime vacation house, Blue Blinds, which she inherited. A watercolor of the 1870s-era New Hampshire farmhouse hangs in her own home.

With the tug of remembrance strong, it took her a couple of years “to be emotionally ready to sell the house,” recalled Ms. Cornell, 50. A calculation of the cost of upkeep, plus a visit to the empty homestead, finally convinced her. “I realized that by selling the house, I wasn’t selling my parents’ spirit, and I wasn’t selling my memories,” she said.

Vicki Kossoff @ The Learning Factor‘s insight:

More heirs have more money than ever, thanks to the intersection of two demographics: the 79 million baby boomers and the general thriftiness of their Depression-raised parents.

See on www.nytimes.com

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