Bill Perkins Urges Parents to Give Inheritance at 28 to 33, Not at 60

2 articles · Updated · fortune.com · Sep 23

Bill Perkins said parents planning to leave money to their children should transfer it while they are 28 to 33—often through a trust—rather than wait until death.
The hedge fund investor argues money has its greatest practical value earlier in adulthood, when it can fund a home down payment, clear student debt or support other life-defining decisions.
Federal Reserve data cited in his book show 60 is the most common age to receive an inheritance, which Perkins says often makes the transfer arrive too late to change a recipient's trajectory.
That case is sharper as younger Americans face higher barriers: about half of 18- to 29-year-olds live with parents, mortgage rates are near 7%, and the median first-time homebuyer age reached 40 last year.