NEBRASKA - Historic amounts of wealth will be transferred from one Nebraska generation to the next in the decades ahead, according to a study released this week by the Nebraska Community Foundation. And if families bequeath a small percentage to their communities, the effect could be transformational, according to the foundation.

Nebraska families are expected to transfer roughly $100 billion in assets to the next generation over the coming 10 years, said Nebraska Community Foundation CEO Jeff Yost. However, more than $950 billion is expected to be transferred over the next 50 years.

Assets expected to transfer consist of real estate, securities, retirement accounts and other assets.

This is a common theme across the United States as baby boomers and their parents continue to transfer wealth to the next generations.

It would be the largest transfer of wealth in Nebraska's history.

An estimated 5% of the expected transfer would be enough to place communities in a position to flourish, regardless of the current uncertainties, Yost said.

With that figure in mind, the Nebraska Community Foundation has launched a campaign entitled "Five to Thrive," which encourages people to bequeath 5% of their passed-along estates for their communities.

One of the main concerns for the foundation is the high proportion of younger generations that have moved out of their hometowns, which could benefit greatly from the influx in wealth. This is a driving factor in their latest campaign.

In 71 of Nebraska’s 93 counties, the transfer of wealth is expected to peak within the next 25 years, Yost said.

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